News headlines about Atlas Air (NASDAQ:AAWW) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlas Air earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 47.3149898618285 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Air Freight (logisticsmgmt.com)
- Speedcraft AIR cycling glasses use magnets to open your nose (newatlas.com)
- Who visited the White House (politico.com)
- Uncertainty surrounds Morrison’s unique path as minutes wane at Atlas (espn.com)
- CVG cargo pilots protesting contracts once again (wlwt.com)
Shares of AAWW traded up $1.15 during mid-day trading on Thursday, reaching $62.85. 180,705 shares of the company’s stock traded hands, compared to its average volume of 266,531. The stock has a market cap of $1,579.50, a PE ratio of 12.75 and a beta of 1.24. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.12. Atlas Air has a 12 month low of $45.45 and a 12 month high of $68.70.
Atlas Air (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, February 22nd. The transportation company reported $2.43 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.27. Atlas Air had a net margin of 10.36% and a return on equity of 8.27%. The business had revenue of $627.95 million for the quarter, compared to analyst estimates of $592.08 million. During the same quarter last year, the business earned $2.24 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. analysts forecast that Atlas Air will post 5.72 EPS for the current year.
A number of brokerages have issued reports on AAWW. ValuEngine raised shares of Atlas Air from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Imperial Capital reaffirmed an “outperform” rating and set a $84.00 price target (up previously from $82.00) on shares of Atlas Air in a report on Friday, February 23rd. 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. Susquehanna Bancshares set a $77.00 price target on Atlas Air and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Zacks Investment Research raised Atlas Air from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $75.60.
In related news, CFO Spencer Schwartz sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $59.85, for a total transaction of $299,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Keith H. Mayer sold 864 shares of Atlas Air stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $61.69, for a total transaction of $53,300.16. The disclosure for this sale can be found here. Insiders have sold 35,141 shares of company stock worth $2,092,306 in the last quarter. Company insiders own 2.50% of the company’s stock.
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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