Somewhat Positive News Coverage Somewhat Unlikely to Impact Atlas Air Worldwide Holdings (AAWW) Share Price
Media stories about Atlas Air Worldwide Holdings (NASDAQ:AAWW) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlas Air Worldwide Holdings earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 47.1346938974225 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- $530.17 Million in Sales Expected for Atlas Air Worldwide Holdings (AAWW) This Quarter (americanbankingnews.com)
- Uptrend Call Working As Atlas Air Worldw Stock Rises 25.3% (AAWW) (mysmartrend.com)
- Atlas Air Worldwide Holdings (NASDAQ:AAWW) Experiences Light Trading Volume – Modern Readers (modernreaders.com)
- Brokerages Anticipate Atlas Air Worldwide Holdings (AAWW) to Post $1.12 Earnings Per Share (americanbankingnews.com)
- Have Analysts Uncovered Value in Atlas Air Worldwide Holdings (NASDAQ:AAWW)? – Evergreen Caller (evergreencaller.com)
AAWW has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, June 2nd. BidaskClub upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Monday, August 7th. Cowen and Company reiterated a “hold” rating and set a $60.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, July 11th. Finally, Imperial Capital reiterated an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Atlas Air Worldwide Holdings has a consensus rating of “Buy” and an average price target of $69.00.
Shares of Atlas Air Worldwide Holdings (AAWW) traded up 1.16% on Wednesday, hitting $65.60. The stock had a trading volume of 81,028 shares. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 28.03 and a beta of 1.45. Atlas Air Worldwide Holdings has a 52 week low of $35.43 and a 52 week high of $67.75. The company has a 50-day moving average of $60.63 and a 200 day moving average of $55.14.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. The business had revenue of $517.37 million during the quarter, compared to analyst estimates of $500.44 million. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. On average, equities research analysts predict that Atlas Air Worldwide Holdings will post $4.84 EPS for the current year.
In other news, Director Duncan J. Mcnabb sold 1,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.65, for a total transaction of $60,650.00. Following the completion of the sale, the director now owns 12,969 shares of the company’s stock, valued at approximately $786,569.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $52.20, for a total transaction of $261,000.00. Following the sale, the chief executive officer now directly owns 216,958 shares of the company’s stock, valued at approximately $11,325,207.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $1,464,850. Company insiders own 2.50% of the company’s stock.
Atlas Air Worldwide Holdings 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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