Analysts forecast that Atlas Air (NASDAQ:AAWW) will announce sales of $559.55 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Atlas Air’s earnings, with the highest sales estimate coming in at $582.24 million and the lowest estimate coming in at $530.30 million. Atlas Air posted sales of $475.39 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The business is expected to announce its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Atlas Air will report full-year sales of $559.55 million for the current financial year, with estimates ranging from $2.38 billion to $2.56 billion. For the next year, analysts anticipate that the firm will report sales of $2.73 billion per share, with estimates ranging from $2.32 billion to $3.07 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Atlas Air.
Atlas Air (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, February 22nd. The transportation company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $627.95 million during the quarter, compared to analyst estimates of $592.08 million. Atlas Air had a net margin of 10.36% and a return on equity of 8.27%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.24 EPS.
Several equities research analysts recently commented on the stock. Imperial Capital reaffirmed an “outperform” rating and issued a $84.00 price objective (up from $82.00) on shares of Atlas Air in a research report on Friday, February 23rd. Susquehanna Bancshares set a $77.00 price objective on shares of Atlas Air and gave the company a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research raised shares of Atlas Air from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Atlas Air from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Finally, ValuEngine raised shares of Atlas Air from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Atlas Air currently has an average rating of “Buy” and an average price target of $75.60.
In other Atlas Air news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $59.10, for a total transaction of $295,500.00. Following the sale, the chief executive officer now directly owns 156,958 shares of the company’s stock, valued at approximately $9,276,217.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Flynn sold 4,277 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $60.85, for a total transaction of $260,255.45. Following the sale, the chief executive officer now directly owns 151,958 shares in the company, valued at $9,246,644.30. The disclosure for this sale can be found here. Insiders sold a total of 35,141 shares of company stock worth $2,092,306 over the last ninety days. 2.50% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of AAWW. Rhumbline Advisers lifted its position in Atlas Air by 2.3% during the 3rd quarter. Rhumbline Advisers now owns 49,773 shares of the transportation company’s stock worth $3,275,000 after buying an additional 1,107 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Atlas Air by 22.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 211,654 shares of the transportation company’s stock worth $13,927,000 after buying an additional 38,525 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Atlas Air during the 3rd quarter worth about $382,000. American International Group Inc. lifted its position in Atlas Air by 5.6% during the 3rd quarter. American International Group Inc. now owns 18,681 shares of the transportation company’s stock worth $1,229,000 after buying an additional 989 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in Atlas Air during the 3rd quarter worth about $208,000.
AAWW traded up $0.55 during trading on Friday, hitting $61.20. The company had a trading volume of 189,381 shares, compared to its average volume of 276,587. The stock has a market capitalization of $1,499.38, a P/E ratio of 12.27 and a beta of 1.24. Atlas Air has a one year low of $45.45 and a one year high of $68.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.12.
About Atlas Air
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.
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