Equities analysts forecast that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will post sales of $592.14 million for the current quarter, according to Zacks. Three analysts have provided estimates for Atlas Air Worldwide’s earnings, with the lowest sales estimate coming in at $566.90 million and the highest estimate coming in at $623.01 million. Atlas Air Worldwide reported sales of $529.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Atlas Air Worldwide will report full year sales of $592.14 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.15 billion. For the next year, analysts forecast that the firm will report sales of $2.41 billion per share, with estimates ranging from $2.30 billion to $2.54 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Atlas Air Worldwide.
Several brokerages have weighed in on AAWW. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, February 7th. Stifel Nicolaus restated a “buy” rating and set a $81.00 price objective on shares of Atlas Air Worldwide in a research note on Thursday, January 18th. BidaskClub upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Cowen upgraded Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $62.00 to $72.00 in a research note on Wednesday, January 10th. Finally, ValuEngine upgraded Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $70.00.
Shares of Atlas Air Worldwide (NASDAQ AAWW) traded up $1.50 during trading hours on Friday, reaching $53.50. The company’s stock had a trading volume of 292,022 shares, compared to its average volume of 293,411. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a fifty-two week low of $45.45 and a fifty-two week high of $68.70. The company has a market cap of $1,314.72, a PE ratio of 51.44 and a beta of 1.31.
In other news, CFO Spencer Schwartz sold 4,027 shares of Atlas Air Worldwide stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $59.75, for a total transaction of $240,613.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction on Monday, January 29th. The stock was sold at an average price of $59.10, for a total value of $295,500.00. Following the sale, the chief executive officer now owns 156,958 shares in the company, valued at $9,276,217.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,222 shares of company stock worth $1,149,998 over the last quarter. Company insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Atlas Air Worldwide by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,277,414 shares of the transportation company’s stock worth $118,767,000 after purchasing an additional 81,672 shares during the period. FMR LLC raised its stake in shares of Atlas Air Worldwide by 22.7% during the 2nd quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock worth $71,886,000 after purchasing an additional 254,743 shares during the period. LSV Asset Management raised its stake in shares of Atlas Air Worldwide by 3.2% during the 4th quarter. LSV Asset Management now owns 913,083 shares of the transportation company’s stock worth $53,552,000 after purchasing an additional 28,100 shares during the period. Towle & Co. raised its stake in shares of Atlas Air Worldwide by 3.6% during the 3rd quarter. Towle & Co. now owns 684,333 shares of the transportation company’s stock worth $45,029,000 after purchasing an additional 23,575 shares during the period. Finally, State Street Corp raised its stake in shares of Atlas Air Worldwide by 2.4% during the 2nd quarter. State Street Corp now owns 631,594 shares of the transportation company’s stock worth $32,939,000 after purchasing an additional 14,920 shares during the period.
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Atlas Air Worldwide 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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