Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) – Investment analysts at Seaport Global Securities raised their Q2 2018 earnings per share estimates for shares of Atlas Air Worldwide in a research note issued to investors on Thursday, June 28th. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings of $1.16 per share for the quarter, up from their previous estimate of $1.08. Seaport Global Securities also issued estimates for Atlas Air Worldwide’s Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $2.98 EPS, FY2018 earnings at $6.40 EPS, Q2 2019 earnings at $1.44 EPS, Q3 2019 earnings at $1.69 EPS, Q4 2019 earnings at $3.05 EPS and FY2019 earnings at $6.88 EPS.
A number of other research firms have also weighed in on AAWW. BidaskClub raised Atlas Air Worldwide from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research raised Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, May 7th. Imperial Capital reaffirmed an “outperform” rating and set a $87.00 target price (up previously from $84.00) on shares of Atlas Air Worldwide in a report on Friday, May 4th. Finally, ValuEngine lowered Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Seven equities research analysts have rated the stock with a buy rating, Atlas Air Worldwide currently has a consensus rating of “Buy” and an average target price of $79.20.
Atlas Air Worldwide opened at $70.35 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 14.27 and a beta of 1.21. Atlas Air Worldwide has a twelve month low of $50.13 and a twelve month high of $75.29.
Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Thursday, May 3rd. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.29. The company had revenue of $590.01 million during the quarter, compared to analyst estimates of $554.19 million. Atlas Air Worldwide had a return on equity of 8.84% and a net margin of 10.30%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS.
Several institutional investors and hedge funds have recently modified their holdings of AAWW. Millennium Management LLC boosted its position in shares of Atlas Air Worldwide by 112.5% during the 1st quarter. Millennium Management LLC now owns 211,900 shares of the transportation company’s stock valued at $12,809,000 after acquiring an additional 112,187 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Atlas Air Worldwide by 64.4% during the 1st quarter. Russell Investments Group Ltd. now owns 188,410 shares of the transportation company’s stock valued at $11,389,000 after acquiring an additional 73,790 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Atlas Air Worldwide by 26.0% during the 4th quarter. Kennedy Capital Management Inc. now owns 324,276 shares of the transportation company’s stock valued at $19,019,000 after acquiring an additional 67,003 shares during the last quarter. Elk Creek Partners LLC lifted its position in Atlas Air Worldwide by 21.3% in the 1st quarter. Elk Creek Partners LLC now owns 306,279 shares of the transportation company’s stock worth $18,515,000 after buying an additional 53,883 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Atlas Air Worldwide by 1,034.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 51,029 shares of the transportation company’s stock worth $2,993,000 after buying an additional 46,529 shares during the last quarter.
In other Atlas Air Worldwide news, Director Duncan J. Mcnabb sold 450 shares of Atlas Air Worldwide stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $69.07, for a total transaction of $31,081.50. Following the completion of the transaction, the director now owns 12,519 shares of the company’s stock, valued at approximately $864,687.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Richard Kokas sold 5,000 shares of Atlas Air Worldwide stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the executive vice president now owns 39,130 shares of the company’s stock, valued at approximately $2,657,709.60. The disclosure for this sale can be found here. Insiders have sold a total of 67,910 shares of company stock valued at $4,513,237 in the last ninety days. Insiders own 2.20% of the company’s stock.
About Atlas Air Worldwide
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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