Wall Street analysts predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will report $0.57 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Atlas Air Worldwide’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.46. Atlas Air Worldwide reported earnings per share of $1.75 in the same quarter last year, which would suggest a negative year over year growth rate of 67.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that Atlas Air Worldwide will report full year earnings of $7.47 per share for the current year, with EPS estimates ranging from $7.10 to $7.85. For the next financial year, analysts forecast that the business will report earnings of $7.56 per share, with EPS estimates ranging from $7.40 to $7.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.12. The business had revenue of $679.70 million for the quarter, compared to analyst estimates of $679.72 million. Atlas Air Worldwide had a net margin of 8.36% and a return on equity of 10.76%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share.
A number of brokerages have recently issued reports on AAWW. Imperial Capital restated an “outperform” rating and set a $79.00 target price (up from $76.00) on shares of Atlas Air Worldwide in a research report on Wednesday, February 20th. They noted that the move was a valuation call. ValuEngine lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. BidaskClub lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus set a $68.00 target price on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.67.
Shares of AAWW opened at $42.10 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $1.05 billion, a PE ratio of 5.49 and a beta of 1.93. Atlas Air Worldwide has a 12-month low of $35.04 and a 12-month high of $75.00.
In other news, Director John K. Wulff acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $39.75 per share, for a total transaction of $198,750.00. Following the transaction, the director now directly owns 24,979 shares in the company, valued at approximately $992,915.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. LSV Asset Management boosted its position in shares of Atlas Air Worldwide by 4.6% during the 4th quarter. LSV Asset Management now owns 1,089,506 shares of the transportation company’s stock worth $45,966,000 after purchasing an additional 47,723 shares in the last quarter. Laurion Capital Management LP boosted its position in shares of Atlas Air Worldwide by 7.3% during the 1st quarter. Laurion Capital Management LP now owns 5,655 shares of the transportation company’s stock worth $286,000 after purchasing an additional 384 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Atlas Air Worldwide during the 4th quarter worth $478,000. Signia Capital Management LLC boosted its position in shares of Atlas Air Worldwide by 2.6% during the 1st quarter. Signia Capital Management LLC now owns 122,418 shares of the transportation company’s stock worth $6,190,000 after purchasing an additional 3,050 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in shares of Atlas Air Worldwide by 0.7% during the 4th quarter. Mutual Advisors LLC now owns 30,330 shares of the transportation company’s stock worth $1,280,000 after purchasing an additional 220 shares in the last quarter.
About Atlas Air Worldwide
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.
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