Brokerages expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report $559.55 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Atlas Air Worldwide’s earnings, with the lowest sales estimate coming in at $530.30 million and the highest estimate coming in at $582.24 million. Atlas Air Worldwide reported sales of $475.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Atlas Air Worldwide will report full year sales of $559.55 million for the current fiscal year, with estimates ranging from $2.38 billion to $2.56 billion. For the next financial year, analysts anticipate that the business will post sales of $2.73 billion per share, with estimates ranging from $2.32 billion to $3.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Thursday, February 22nd. The transportation company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $627.95 million during the quarter, compared to the consensus estimate of $592.08 million. Atlas Air Worldwide had a return on equity of 8.27% and a net margin of 10.36%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.24 EPS.
A number of brokerages recently issued reports on AAWW. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, February 7th. Imperial Capital restated an “outperform” rating and issued a $84.00 price target (up from $82.00) on shares of Atlas Air Worldwide in a research report on Friday, February 23rd. Susquehanna Bancshares set a $77.00 price target on Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Monday, February 26th. Stifel Nicolaus restated a “buy” rating and issued a $81.00 price target on shares of Atlas Air Worldwide in a research report on Thursday, January 18th. Finally, BidaskClub upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $73.83.
In other Atlas Air Worldwide news, CEO William J. Flynn sold 4,277 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $60.85, for a total value of $260,255.45. Following the sale, the chief executive officer now owns 151,958 shares in the company, valued at $9,246,644.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Keith H. Mayer sold 864 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $61.69, for a total value of $53,300.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,168 shares of company stock valued at $2,030,169. 2.50% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Alambic Investment Management L.P. purchased a new stake in Atlas Air Worldwide in the fourth quarter worth $364,000. Impala Asset Management LLC purchased a new stake in Atlas Air Worldwide in the third quarter worth $13,303,000. Comerica Bank increased its stake in Atlas Air Worldwide by 21.8% in the fourth quarter. Comerica Bank now owns 53,695 shares of the transportation company’s stock worth $3,275,000 after purchasing an additional 9,605 shares during the period. WINTON GROUP Ltd purchased a new stake in Atlas Air Worldwide in the third quarter worth $2,120,000. Finally, Elk Creek Partners LLC increased its stake in Atlas Air Worldwide by 9.1% in the third quarter. Elk Creek Partners LLC now owns 215,544 shares of the transportation company’s stock worth $14,183,000 after purchasing an additional 18,029 shares during the period.
Shares of AAWW stock traded up $1.40 on Thursday, reaching $64.20. The company had a trading volume of 347,316 shares, compared to its average volume of 271,716. The company has a market capitalization of $1,632.93, a P/E ratio of 9.67 and a beta of 1.17. Atlas Air Worldwide has a 12 month low of $45.45 and a 12 month high of $68.70. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.80 and a current ratio of 0.80.
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Atlas Air Worldwide Company Profile
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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