Brokerages predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will announce $679.00 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Atlas Air Worldwide’s earnings, with the highest sales estimate coming in at $680.31 million and the lowest estimate coming in at $676.80 million. Atlas Air Worldwide reported sales of $590.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.1%. The business is expected to announce its next quarterly earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Atlas Air Worldwide will report full year sales of $3.00 billion for the current fiscal year, with estimates ranging from $2.98 billion to $3.01 billion. For the next fiscal year, analysts expect that the company will post sales of $3.26 billion, with estimates ranging from $3.10 billion to $3.42 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Tuesday, February 19th. The transportation company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.22. Atlas Air Worldwide had a return on equity of 10.91% and a net margin of 10.10%. The business had revenue of $765.00 million during the quarter, compared to the consensus estimate of $756.48 million. During the same period in the prior year, the company earned $2.43 EPS. Atlas Air Worldwide’s revenue for the quarter was up 21.8% on a year-over-year basis.
A number of equities analysts have issued reports on AAWW shares. ValuEngine cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Monday, February 25th. BidaskClub cut Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 18th. Zacks Investment Research raised Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $76.00 target price (up previously from $74.00) on shares of Atlas Air Worldwide in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.40.
Institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors Inc. grew its holdings in shares of Atlas Air Worldwide by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,056 shares of the transportation company’s stock worth $256,000 after acquiring an additional 197 shares during the period. Macquarie Group Ltd. increased its stake in shares of Atlas Air Worldwide by 0.8% during the fourth quarter. Macquarie Group Ltd. now owns 24,300 shares of the transportation company’s stock worth $1,025,000 after purchasing an additional 200 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of Atlas Air Worldwide by 0.7% during the fourth quarter. Mutual Advisors LLC now owns 30,330 shares of the transportation company’s stock worth $1,280,000 after purchasing an additional 220 shares in the last quarter. Signition LP increased its stake in shares of Atlas Air Worldwide by 1.9% during the fourth quarter. Signition LP now owns 14,193 shares of the transportation company’s stock worth $599,000 after purchasing an additional 260 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Atlas Air Worldwide by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,320 shares of the transportation company’s stock valued at $773,000 after acquiring an additional 402 shares in the last quarter.
AAWW traded down $1.10 on Wednesday, reaching $47.96. The stock had a trading volume of 250,890 shares, compared to its average volume of 305,096. Atlas Air Worldwide has a fifty-two week low of $35.59 and a fifty-two week high of $75.29. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.28 billion, a PE ratio of 6.60 and a beta of 1.84.
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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