Imperial Capital Weighs in on Atlas Air Worldwide Holdings’ Q1 2017 Earnings (AAWW)
Atlas Air Worldwide Holdings (NASDAQ:AAWW) – Investment analysts at Imperial Capital issued their Q1 2017 EPS estimates for shares of Atlas Air Worldwide Holdings in a report issued on Thursday. Imperial Capital analyst M. Derchin anticipates that the firm will earn $0.32 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $60.00 target price on the stock.
A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday. Cowen and Company lifted their price target on shares of Atlas Air Worldwide Holdings from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Friday, November 4th. Stifel Nicolaus began coverage on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 25th. They issued a “buy” rating and a $49.00 price target for the company. RBC Capital Markets restated a “sector perform” rating and issued a $44.00 price target (down previously from $49.00) on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 4th. Finally, Royal Bank Of Canada dropped their price target on shares of Atlas Air Worldwide Holdings from $49.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $49.83.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 50.85 on Monday. The stock’s market cap is $1.27 billion. The stock has a 50 day moving average of $43.65 and a 200-day moving average of $41.55. Atlas Air Worldwide Holdings has a one year low of $31.99 and a one year high of $57.77.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.05. The firm had revenue of $448.02 million for the quarter, compared to analysts’ expectations of $474.76 million. Atlas Air Worldwide Holdings had a positive return on equity of 6.45% and a negative net margin of 1.37%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.
In other Atlas Air Worldwide Holdings news, Director John K. Wulff acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average price of $35.90 per share, with a total value of $179,500.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $897,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AAWW. Systematic Financial Management LP increased its position in Atlas Air Worldwide Holdings by 924.0% in the second quarter. Systematic Financial Management LP now owns 447,462 shares of the company’s stock worth $18,533,000 after buying an additional 403,765 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Atlas Air Worldwide Holdings by 119.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 680,000 shares of the company’s stock worth $28,166,000 after buying an additional 370,000 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Atlas Air Worldwide Holdings during the second quarter worth approximately $13,788,000. Heartland Advisors Inc. acquired a new position in Atlas Air Worldwide Holdings during the third quarter worth approximately $7,364,000. Finally, SG Capital Management LLC acquired a new position in Atlas Air Worldwide Holdings during the third quarter worth approximately $7,247,000. 98.93% of the stock is owned by hedge funds and other institutional investors.
About Atlas Air Worldwide Holdings
Atlas Air Worldwide Holdings, Inc, (AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas). The Company is a provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters.
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