Analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to post $1.36 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Atlas Air Worldwide’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.40. Atlas Air Worldwide posted earnings per share of $1.08 during the same quarter last year, which suggests a positive year over year growth rate of 25.9%. The business is expected to report its next earnings results on Tuesday, November 6th.
On average, analysts expect that Atlas Air Worldwide will report full-year earnings of $6.87 per share for the current fiscal year, with EPS estimates ranging from $6.80 to $6.95. For the next fiscal year, analysts forecast that the company will report earnings of $7.38 per share, with EPS estimates ranging from $6.95 to $8.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Thursday, August 2nd. The transportation company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.25 by $0.50. The company had revenue of $666.15 million during the quarter, compared to analyst estimates of $634.93 million. Atlas Air Worldwide had a return on equity of 9.80% and a net margin of 7.18%. The business’s revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS.
Several research analysts have recently commented on the company. BidaskClub upgraded Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Deutsche Bank assumed coverage on Atlas Air Worldwide in a research report on Tuesday, September 4th. They issued a “buy” rating and a $76.00 target price for the company. ValuEngine lowered Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Finally, Susquehanna Bancshares set a $77.00 target price on Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $78.67.
In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $67.05, for a total transaction of $335,250.00. Following the completion of the transaction, the chief executive officer now owns 111,958 shares in the company, valued at approximately $7,506,783.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 15,000 shares of company stock valued at $1,040,250. Insiders own 2.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AAWW. Hood River Capital Management LLC acquired a new position in Atlas Air Worldwide during the 2nd quarter valued at approximately $27,059,000. Atwood & Palmer Inc. acquired a new position in Atlas Air Worldwide during the 2nd quarter valued at approximately $13,880,000. Millennium Management LLC boosted its position in Atlas Air Worldwide by 112.5% during the 1st quarter. Millennium Management LLC now owns 211,900 shares of the transportation company’s stock valued at $12,809,000 after purchasing an additional 112,187 shares during the period. Russell Investments Group Ltd. boosted its position in Atlas Air Worldwide by 64.4% during the 1st quarter. Russell Investments Group Ltd. now owns 188,410 shares of the transportation company’s stock valued at $11,389,000 after purchasing an additional 73,790 shares during the period. Finally, Towle & Co. boosted its position in Atlas Air Worldwide by 9.5% during the 2nd quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock valued at $59,632,000 after purchasing an additional 72,320 shares during the period.
Shares of AAWW opened at $64.55 on Tuesday. The company has a market capitalization of $1.63 billion, a PE ratio of 10.40 and a beta of 1.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. Atlas Air Worldwide has a 52 week low of $50.65 and a 52 week high of $75.29.
Atlas Air Worldwide Company Profile
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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