Atlas Air Worldwide Holdings (AAWW) Expected to Announce Earnings of $1.12 Per Share
Analysts expect Atlas Air Worldwide Holdings (NASDAQ:AAWW) to report $1.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Atlas Air Worldwide Holdings’ earnings, with estimates ranging from $1.10 to $1.15. Atlas Air Worldwide Holdings reported earnings per share of $1.09 during the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The firm is expected to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Atlas Air Worldwide Holdings will report full-year earnings of $4.81 per share for the current financial year, with EPS estimates ranging from $4.61 to $4.90. For the next fiscal year, analysts expect that the business will report earnings of $5.28 per share, with EPS estimates ranging from $5.10 to $5.50. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Atlas Air Worldwide Holdings.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million for the quarter, compared to analysts’ expectations of $500.44 million. During the same quarter in the previous year, the company posted $0.80 EPS. The company’s revenue was up 16.7% compared to the same quarter last year.
A number of research analysts have recently weighed in on the stock. Cowen and Company reissued a “hold” rating and set a $70.00 price objective on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 5th. ValuEngine raised Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 target price on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 12th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday, August 7th. Finally, Susquehanna Bancshares Inc assumed coverage on Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They set a “positive” rating and a $72.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $70.00.
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Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 0.66% during midday trading on Wednesday, reaching $67.80. 94,751 shares of the company traded hands. Atlas Air Worldwide Holdings has a 12 month low of $40.25 and a 12 month high of $68.70. The firm has a market capitalization of $1.71 billion, a PE ratio of 28.97 and a beta of 1.40. The company’s 50-day moving average price is $65.43 and its 200 day moving average price is $57.42.
In other Atlas Air Worldwide Holdings news, EVP Adam Richard Kokas sold 10,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $66.40, for a total value of $664,000.00. Following the completion of the transaction, the executive vice president now directly owns 25,418 shares in the company, valued at approximately $1,687,755.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $57.65, for a total value of $288,250.00. Following the completion of the transaction, the chief executive officer now owns 206,958 shares of the company’s stock, valued at $11,931,128.70. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $2,528,300 in the last three months. Insiders own 2.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Atlas Air Worldwide Holdings in the first quarter valued at $107,000. UBS Asset Management Americas Inc. acquired a new position in Atlas Air Worldwide Holdings in the second quarter valued at $201,000. State of Alaska Department of Revenue increased its stake in Atlas Air Worldwide Holdings by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 4,985 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 2,215 shares during the last quarter. KCG Holdings Inc. increased its stake in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 849 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in Atlas Air Worldwide Holdings in the second quarter valued at $285,000. Institutional investors and hedge funds own 96.41% of the company’s stock.
Atlas Air Worldwide Holdings Company Profile
Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).
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