Analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report sales of $721.31 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Atlas Air Worldwide’s earnings. The highest sales estimate is $744.60 million and the lowest is $709.30 million. Atlas Air Worldwide posted sales of $666.15 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, August 1st.
On average, analysts expect that Atlas Air Worldwide will report full year sales of $3.02 billion for the current year, with estimates ranging from $3.00 billion to $3.04 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.28 billion, with estimates ranging from $3.24 billion to $3.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts 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, beating the Zacks’ consensus estimate of $0.86 by $0.12. Atlas Air Worldwide had a return on equity of 10.76% and a net margin of 8.36%. The company had revenue of $679.70 million for the quarter, compared to analyst estimates of $679.72 million. During the same period in the prior year, the company posted $0.86 EPS. Atlas Air Worldwide’s quarterly revenue was up 15.2% on a year-over-year basis.
A number of equities analysts have issued reports on AAWW shares. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub raised ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 17th. Cowen reiterated a “hold” rating on shares of PTC Therapeutics in a report on Thursday, May 2nd. Finally, Imperial Capital reiterated an “in-line” rating and issued a $29.00 price target (down from $33.00) on shares of Whiting Petroleum in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $67.67.
Shares of AAWW traded up $1.85 during trading on Friday, reaching $42.88. The company’s stock had a trading volume of 176,770 shares, compared to its average volume of 231,374. The business’s fifty day moving average price is $40.58. Atlas Air Worldwide has a twelve month low of $35.04 and a twelve month high of $71.45. The company has a market cap of $1.06 billion, a P/E ratio of 5.90 and a beta of 2.05. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.59 and a current ratio of 0.59.
In other news, CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $44.08, for a total value of $286,520.00. Following the completion of the sale, the chief financial officer now directly owns 54,741 shares in the company, valued at approximately $2,412,983.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John K. Wulff acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $39.75 per share, with a total value of $198,750.00. Following the completion of the purchase, the director now owns 24,979 shares in the company, valued at $992,915.25. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. grew its stake in Atlas Air Worldwide by 0.8% during the 4th quarter. Macquarie Group Ltd. now owns 24,300 shares of the transportation company’s stock worth $1,025,000 after buying an additional 200 shares during the last quarter. Mutual Advisors LLC grew its stake in 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 buying an additional 220 shares during the last quarter. Investors Research Corp grew its stake in Atlas Air Worldwide by 4.8% during the 2nd quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock worth $243,000 after buying an additional 250 shares during the last quarter. Arizona State Retirement System grew its stake in Atlas Air Worldwide by 0.8% during the 1st quarter. Arizona State Retirement System now owns 39,721 shares of the transportation company’s stock worth $2,008,000 after buying an additional 313 shares during the last quarter. Finally, Mason Street Advisors LLC grew its stake in Atlas Air Worldwide by 4.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,269 shares of the transportation company’s stock worth $418,000 after buying an additional 322 shares during the last quarter.
Atlas Air Worldwide Company Profile
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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