Equities research analysts expect that Atlas Air (NASDAQ:AAWW) will report earnings of $1.11 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Atlas Air’s earnings, with estimates ranging from $1.04 to $1.14. Atlas Air posted earnings of $1.09 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Atlas Air will report full year earnings of $5.92 per share for the current financial year, with EPS estimates ranging from $5.30 to $6.50. For the next fiscal year, analysts anticipate that the business will post earnings of $6.80 per share, with EPS estimates ranging from $6.15 to $7.40. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Atlas Air.
Atlas Air (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, May 3rd. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.29. Atlas Air had a return on equity of 8.84% and a net margin of 10.30%. The business had revenue of $590.01 million for the quarter, compared to the consensus estimate of $554.19 million. During the same period last year, the business posted $0.31 EPS. The business’s revenue was up 24.1% compared to the same quarter last year.
A number of brokerages have recently issued reports on AAWW. BidaskClub upgraded Atlas Air from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Zacks Investment Research upgraded Atlas Air from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, May 7th. Imperial Capital reiterated an “outperform” rating and issued a $87.00 price target (up from $84.00) on shares of Atlas Air in a report on Friday, May 4th. ValuEngine upgraded Atlas Air from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus lifted their price target on Atlas Air from $81.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $79.20.
Shares of Atlas Air opened at $68.50 on Friday, MarketBeat reports. Atlas Air has a 12-month low of $47.65 and a 12-month high of $70.00. The firm has a market capitalization of $1.77 billion, a PE ratio of 13.89 and a beta of 1.25. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.14.
In other news, CEO William J. Flynn sold 4,277 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 151,958 shares of the company’s stock, valued at approximately $9,246,644.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Schwartz sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $63.55, for a total value of $317,750.00. Following the completion of the sale, the chief financial officer now directly owns 48,118 shares of the company’s stock, valued at approximately $3,057,898.90. The disclosure for this sale can be found here. Insiders sold a total of 78,051 shares of company stock worth $5,100,292 over the last quarter. Company insiders own 2.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Atlas Air by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,152,946 shares of the transportation company’s stock worth $130,146,000 after purchasing an additional 11,540 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Atlas Air by 2.9% in the 4th quarter. Alliancebernstein L.P. now owns 1,240,917 shares of the transportation company’s stock worth $72,780,000 after purchasing an additional 35,359 shares in the last quarter. LSV Asset Management boosted its position in shares of Atlas Air by 4.4% in the 1st quarter. LSV Asset Management now owns 953,683 shares of the transportation company’s stock worth $57,650,000 after purchasing an additional 40,600 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Atlas Air by 2.2% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 920,000 shares of the transportation company’s stock worth $55,614,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Towle & Co. boosted its position in shares of Atlas Air by 5.0% in the 1st quarter. Towle & Co. now owns 759,370 shares of the transportation company’s stock worth $45,904,000 after purchasing an additional 36,480 shares in the last quarter.
Atlas Air 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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