Equities analysts expect Atlas Air Worldwide Holdings (NASDAQ:AAWW) to announce sales of $530.17 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Atlas Air Worldwide Holdings’ earnings, with estimates ranging from $517.90 million to $536.81 million. Atlas Air Worldwide Holdings posted sales of $448.02 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The business is expected to announce its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Atlas Air Worldwide Holdings will report full year sales of $530.17 million for the current fiscal year, with estimates ranging from $2.07 billion to $2.16 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.40 billion per share, with estimates ranging from $2.26 billion to $2.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Atlas Air Worldwide Holdings.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data 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 business had revenue of $517.37 million for the quarter, compared to the consensus estimate of $500.44 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis.

A number of analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 target price on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, September 12th. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 target price (up from $60.00) on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 3rd. BidaskClub lowered Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Susquehanna Bancshares Inc assumed coverage on Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They set a “positive” rating and a $72.00 target price on the stock. Finally, Zacks Investment Research raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $70.00.

In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.10, for a total value of $275,500.00. Following the completion of the sale, the chief executive officer now directly owns 211,958 shares of the company’s stock, valued at $11,678,885.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Duncan J. Mcnabb sold 1,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $60.65, for a total value of $60,650.00. Following the completion of the sale, the director now directly owns 12,969 shares of the company’s stock, valued at $786,569.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,000 shares of company stock valued at $2,458,350. 2.50% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. OLD National Bancorp IN bought a new stake in Atlas Air Worldwide Holdings in the second quarter valued at about $338,000. Heartland Advisors Inc. bought a new stake in Atlas Air Worldwide Holdings in the second quarter valued at about $10,430,000. Vanguard Group Inc. increased its holdings in Atlas Air Worldwide Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,195,742 shares of the transportation company’s stock valued at $121,754,000 after buying an additional 114,422 shares during the last quarter. OZ Management LP bought a new stake in Atlas Air Worldwide Holdings in the second quarter valued at about $1,416,000. Finally, US Bancorp DE increased its holdings in 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. 96.41% of the stock is owned by hedge funds and other institutional investors.

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Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 65.70 on Friday. The stock has a market cap of $1.66 billion, a P/E ratio of 28.08 and a beta of 1.40. The stock has a 50 day moving average price of $64.05 and a 200-day moving average price of $56.40. Atlas Air Worldwide Holdings has a 12-month low of $37.68 and a 12-month high of $68.25.

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

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