Wall Street analysts expect that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will report $756.57 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Atlas Air Worldwide’s earnings, with estimates ranging from $719.70 million to $769.40 million. Atlas Air Worldwide reported sales of $627.95 million during the same quarter last year, which indicates a positive year over year growth rate of 20.5%. The company is scheduled to report its next earnings results on Thursday, February 28th.
On average, analysts expect that Atlas Air Worldwide will report full-year sales of $2.67 billion for the current year, with estimates ranging from $2.63 billion to $2.68 billion. For the next financial year, analysts expect that the business will report sales of $3.00 billion, with estimates ranging from $2.77 billion to $3.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.18. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The business had revenue of $656.61 million during the quarter, compared to analyst estimates of $664.70 million. During the same quarter in the prior year, the business posted $1.08 EPS. Atlas Air Worldwide’s revenue for the quarter was up 22.6% compared to the same quarter last year.
A number of equities research analysts have issued reports on the company. Deutsche Bank set a $66.00 price target on Atlas Air Worldwide and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine downgraded shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 21st. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. Finally, Wolfe Research downgraded shares of Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a report on Friday, October 5th. Four analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.80.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. New England Research & Management Inc. boosted its holdings in shares of Atlas Air Worldwide by 2.5% during the 4th quarter. New England Research & Management Inc. now owns 28,650 shares of the transportation company’s stock valued at $1,209,000 after purchasing an additional 700 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Atlas Air Worldwide by 1.8% in the 3rd quarter. Teachers Advisors LLC now owns 44,635 shares of the transportation company’s stock valued at $2,845,000 after acquiring an additional 788 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Atlas Air Worldwide in the 3rd quarter valued at about $305,000. Legal & General Group Plc lifted its holdings in shares of Atlas Air Worldwide by 9.6% in the 3rd quarter. Legal & General Group Plc now owns 56,722 shares of the transportation company’s stock valued at $3,613,000 after acquiring an additional 4,979 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Atlas Air Worldwide by 18.3% in the 3rd quarter. Nordea Investment Management AB now owns 90,044 shares of the transportation company’s stock valued at $5,742,000 after acquiring an additional 13,902 shares during the last quarter.
AAWW stock traded up $0.84 during trading on Friday, reaching $48.55. The company’s stock had a trading volume of 317,800 shares, compared to its average volume of 310,450. Atlas Air Worldwide has a 1 year low of $35.59 and a 1 year high of $75.29. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $1.20 billion, a PE ratio of 9.85 and a beta of 1.62.
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.
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