Analysts Expect Atlas Air Worldwide Holdings, Inc. (AAWW) Will Announce Quarterly Sales of $679.00 Million

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.

Read More: Cost of Capital Explained

Get a free copy of the Zacks research report on Atlas Air Worldwide (AAWW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Atlas Air Worldwide (NASDAQ:AAWW)

Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.