Wall Street brokerages expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report sales of $592.14 million for the current quarter, Zacks reports. Three analysts have made estimates for Atlas Air Worldwide’s earnings, with the highest sales estimate coming in at $623.01 million and the lowest estimate coming in at $566.90 million. Atlas Air Worldwide reported sales of $529.73 million in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The company is scheduled to announce its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Atlas Air Worldwide will report full-year sales of $592.14 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.15 billion. For the next fiscal year, analysts expect that the company will report sales of $2.41 billion per share, with estimates ranging from $2.30 billion to $2.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million during the quarter, compared to analysts’ expectations of $521.29 million. Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS.
Several research firms recently weighed in on AAWW. ValuEngine upgraded Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Stifel Nicolaus raised Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Tuesday, November 7th. Cowen reaffirmed a “hold” rating on shares of Atlas Air Worldwide in a research report on Thursday, October 12th. Finally, Susquehanna Bancshares assumed coverage on Atlas Air Worldwide in a research report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $70.00.
Atlas Air Worldwide (AAWW) traded down $1.15 during trading on Friday, hitting $56.85. The company had a trading volume of 178,160 shares, compared to its average volume of 280,286. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $1,489.18, a P/E ratio of 12.48 and a beta of 1.38. Atlas Air Worldwide has a 52 week low of $45.45 and a 52 week high of $68.70.
In related news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $65.59, for a total value of $327,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 25,000 shares of company stock worth $1,605,650 over the last ninety days. 2.50% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AAWW. UBS Asset Management Americas Inc. bought a new position in Atlas Air Worldwide in the 2nd quarter valued at approximately $201,000. Amalgamated Bank bought a new position in shares of Atlas Air Worldwide during the 3rd quarter valued at $208,000. New England Research & Management Inc. bought a new position in shares of Atlas Air Worldwide during the 3rd quarter valued at $273,000. Piedmont Investment Advisors LLC bought a new position in shares of Atlas Air Worldwide during the 2nd quarter valued at $285,000. Finally, US Bancorp DE lifted its holdings in shares of Atlas Air Worldwide by 3.7% during the 2nd quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock valued at $289,000 after buying an additional 197 shares during the period. 96.40% of the stock is currently owned by institutional investors and hedge funds.
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About Atlas Air Worldwide
Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).
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