Atlas Air Worldwide Holdings (NASDAQ:AAWW) – Research analysts at Imperial Capital upped their FY2018 earnings estimates for Atlas Air Worldwide Holdings in a report issued on Thursday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $5.50 per share for the year, up from their previous forecast of $5.10. Imperial Capital has a “Outperform” rating on the stock.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The company had revenue of $517.37 million during the quarter, compared to analysts’ expectations of $500.44 million. During the same period last year, the business posted $0.80 EPS. Atlas Air Worldwide Holdings’s revenue for the quarter was up 16.7% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Imperial Capital Brokers Boost Earnings Estimates for Atlas Air Worldwide Holdings (AAWW)” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/07/imperial-capital-brokers-boost-earnings-estimates-for-atlas-air-worldwide-holdings-aaww.html.

Other equities research analysts have also issued reports about the company. 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. Cowen and Company restated a “hold” rating and set a $60.00 price target on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, July 11th. Finally, Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $65.20.

Atlas Air Worldwide Holdings (NASDAQ AAWW) opened at 65.70 on Monday. Atlas Air Worldwide Holdings has a one year low of $34.22 and a one year high of $66.25. The company’s 50-day moving average price is $55.25 and its 200-day moving average price is $53.77. The stock has a market capitalization of $1.66 billion, a PE ratio of 28.08 and a beta of 1.45.

Several large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Atlas Air Worldwide Holdings during the first quarter valued at $107,000. State of Alaska Department of Revenue increased its stake in shares of Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock valued at $153,000 after buying an additional 80 shares during the last quarter. KCG Holdings Inc. increased its stake in shares of Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after buying an additional 849 shares during the last quarter. US Bancorp DE increased its stake in shares of Atlas Air Worldwide Holdings by 3.7% in the second quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock valued at $289,000 after buying an additional 197 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock valued at $317,000 after buying an additional 70 shares during the last quarter. 96.32% of the stock is owned by institutional investors.

In other news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $52.20, for a total value of $261,000.00. Following the completion of the sale, the chief executive officer now owns 216,958 shares of the company’s stock, valued at $11,325,207.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 25,000 shares of company stock valued at $1,404,200 in the last ninety days. Company insiders own 2.50% of the company’s stock.

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).

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

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