Equities research analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report sales of $659.37 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Atlas Air Worldwide’s earnings. The highest sales estimate is $685.60 million and the lowest is $639.60 million. Atlas Air Worldwide posted sales of $535.75 million in the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The firm is expected to issue its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Atlas Air Worldwide will report full-year sales of $2.66 billion for the current year, with estimates ranging from $2.63 billion to $2.67 billion. For the next financial year, analysts expect that the business will report sales of $3.04 billion per share, with estimates ranging from $2.72 billion to $3.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Thursday, August 2nd. The transportation company reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.50. The company had revenue of $666.15 million during the quarter, compared to the consensus estimate of $634.93 million. Atlas Air Worldwide had a net margin of 7.18% and a return on equity of 9.80%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share.
AAWW has been the subject of several recent research reports. BidaskClub raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. ValuEngine downgraded shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Susquehanna Bancshares set a $77.00 target price on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, Deutsche Bank initiated coverage on shares of Atlas Air Worldwide in a research report on Tuesday. They issued a “buy” rating and a $76.00 target price for the company. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Atlas Air Worldwide has a consensus rating of “Buy” and a consensus price target of $78.67.
In other news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $70.25, for a total value of $351,250.00. Following the completion of the sale, the chief executive officer now directly owns 116,958 shares in the company, valued at $8,216,299.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 15,000 shares of company stock valued at $1,040,250 over the last 90 days. 2.20% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of AAWW. Rhumbline Advisers lifted its stake in shares of Atlas Air Worldwide by 1.6% in the first quarter. Rhumbline Advisers now owns 59,415 shares of the transportation company’s stock worth $3,592,000 after buying an additional 934 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Atlas Air Worldwide in the first quarter worth $737,000. ARS Investment Partners LLC lifted its stake in shares of Atlas Air Worldwide by 19.7% in the first quarter. ARS Investment Partners LLC now owns 16,845 shares of the transportation company’s stock worth $1,018,000 after buying an additional 2,775 shares during the last quarter. LSV Asset Management lifted its stake in shares of Atlas Air Worldwide by 4.4% in the first quarter. LSV Asset Management now owns 953,683 shares of the transportation company’s stock worth $57,650,000 after buying an additional 40,600 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Atlas Air Worldwide by 8.9% in the first quarter. Thrivent Financial for Lutherans now owns 17,104 shares of the transportation company’s stock worth $1,034,000 after buying an additional 1,404 shares during the last quarter.
AAWW stock traded up $0.15 during trading hours on Monday, hitting $62.00. The company’s stock had a trading volume of 2,009 shares, compared to its average volume of 219,493. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.53 and a beta of 1.16. Atlas Air Worldwide has a 12 month low of $50.65 and a 12 month 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.
Featured Story: What are the Benefits of Index Funds?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.