Brokerages Expect Atlas Air Worldwide Holdings (AAWW) Will Post Quarterly Sales of $592.14 Million
Brokerages expect Atlas Air Worldwide Holdings (NASDAQ:AAWW) to post $592.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Atlas Air Worldwide Holdings’ earnings, with estimates ranging from $566.90 million to $623.01 million. Atlas Air Worldwide Holdings posted sales of $529.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The firm is expected to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Atlas Air Worldwide Holdings will report full-year sales of $592.14 million for the current year, with estimates ranging from $2.10 billion to $2.15 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.41 billion per share, with estimates ranging from $2.30 billion to $2.54 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Atlas Air Worldwide Holdings.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The firm had revenue of $535.70 million during the quarter, compared to analysts’ expectations of $521.29 million. Atlas Air Worldwide Holdings had a return on equity of 8.14% and a net margin of 2.06%. Atlas Air Worldwide Holdings’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share.
Several brokerages recently weighed in on AAWW. ValuEngine cut Atlas Air Worldwide Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Susquehanna Bancshares Inc began coverage on Atlas Air Worldwide Holdings in a research note on Thursday, August 17th. They issued a “positive” rating and a $72.00 price target on the stock. Zacks Investment Research cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Cowen and Company reaffirmed an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 3rd. Finally, BidaskClub cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.00.
In other news, EVP Adam Richard Kokas sold 10,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $66.40, for a total value of $664,000.00. Following the sale, the executive vice president now directly owns 25,418 shares of the company’s stock, valued at $1,687,755.20. The transaction 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 stock in a transaction on Monday, October 30th. The stock was sold at an average price of $61.21, for a total value of $306,050.00. Following the completion of the sale, the chief executive officer now directly owns 171,958 shares in the company, valued at $10,525,549.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,000 shares of company stock worth $2,599,150. Insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Impala Asset Management LLC purchased a new stake in shares of Atlas Air Worldwide Holdings in the third quarter worth $13,303,000. Signia Capital Management LLC grew its stake in shares of Atlas Air Worldwide Holdings by 1.9% in the third quarter. Signia Capital Management LLC now owns 67,711 shares of the transportation company’s stock worth $4,455,000 after acquiring an additional 1,267 shares during the last quarter. Pier Capital LLC purchased a new stake in shares of Atlas Air Worldwide Holdings in the third quarter worth $5,461,000. Elk Creek Partners LLC grew its stake in shares of Atlas Air Worldwide Holdings by 9.1% in the third quarter. Elk Creek Partners LLC now owns 215,544 shares of the transportation company’s stock worth $14,183,000 after acquiring an additional 18,029 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Atlas Air Worldwide Holdings in the third quarter worth $2,120,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Atlas Air Worldwide Holdings (AAWW) opened at $53.75 on Tuesday. The firm has a market capitalization of $1,360.00, a price-to-earnings ratio of 11.41 and a beta of 1.45. Atlas Air Worldwide Holdings has a 12 month low of $45.45 and a 12 month high of $68.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21.
About Atlas Air Worldwide Holdings
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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