Atlas Air Worldwide Holdings, Inc. (AAWW) Expected to Post Earnings of $0.57 Per Share

Analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to announce earnings per share (EPS) of $0.57 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Atlas Air Worldwide’s earnings, with estimates ranging from $0.46 to $0.64. Atlas Air Worldwide posted earnings of $1.75 per share in the same quarter last year, which would suggest a negative year over year growth rate of 67.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Atlas Air Worldwide will report full year earnings of $7.12 per share for the current fiscal year, with EPS estimates ranging from $5.38 to $7.85. For the next financial year, analysts forecast that the business will post earnings of $7.56 per share, with EPS estimates ranging from $7.40 to $7.70. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.12. The company had revenue of $679.70 million for the quarter, compared to analysts’ expectations of $679.72 million. Atlas Air Worldwide had a net margin of 8.36% and a return on equity of 10.76%. Atlas Air Worldwide’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS.

A number of research firms recently commented on AAWW. Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 price target (down previously from $79.00) on shares of Atlas Air Worldwide in a report on Friday, May 3rd. They noted that the move was a valuation call. BidaskClub cut shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd. Cowen reaffirmed an “outperform” rating and issued a $68.00 price target (down previously from $70.00) on shares of Atlas Air Worldwide in a report on Thursday, May 2nd. Zacks Investment Research cut shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, ValuEngine lowered shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $67.67.

Shares of NASDAQ:AAWW traded up $0.94 during mid-day trading on Friday, reaching $39.00. The company had a trading volume of 215,829 shares, compared to its average volume of 289,915. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $1.01 billion, a PE ratio of 5.36 and a beta of 1.77. Atlas Air Worldwide has a one year low of $35.59 and a one year high of $75.29.

In other Atlas Air Worldwide news, Director John K. Wulff acquired 5,000 shares of Atlas Air Worldwide stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $198,750.00. Following the purchase, the director now owns 24,979 shares of the company’s stock, valued at $992,915.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management grew its position in shares of Atlas Air Worldwide by 4.6% during the 4th quarter. LSV Asset Management now owns 1,089,506 shares of the transportation company’s stock valued at $45,966,000 after purchasing an additional 47,723 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Atlas Air Worldwide during the 4th quarter valued at $235,000. Anchor Capital Advisors LLC grew its position in shares of Atlas Air Worldwide by 21.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 25,324 shares of the transportation company’s stock valued at $1,068,000 after purchasing an additional 4,488 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Atlas Air Worldwide during the 4th quarter valued at $478,000. Finally, Mutual Advisors LLC grew its position in shares of Atlas Air Worldwide by 0.7% during the 4th quarter. Mutual Advisors LLC now owns 30,330 shares of the transportation company’s stock valued at $1,280,000 after purchasing an additional 220 shares in the last quarter.

About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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

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