Brokerages forecast that Atlas Air Worldwide Holdings (NASDAQ:AAWW) will report $530.17 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Atlas Air Worldwide Holdings’ earnings. The lowest sales estimate is $517.90 million and the highest is $536.81 million. Atlas Air Worldwide Holdings posted sales of $448.02 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The business is expected to issue 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 financial year, analysts anticipate that the company will report sales of $2.40 billion per share, with estimates ranging from $2.26 billion to $2.51 billion. Zacks Investment Research’s sales calculations 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 posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $517.37 million during the quarter, compared to analysts’ expectations of $500.44 million. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Several equities research analysts have recently issued reports on AAWW shares. Zacks Investment Research raised Atlas Air Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 17th. ValuEngine raised Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 target price on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 12th. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 target price on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 5th. Finally, BidaskClub raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Atlas Air Worldwide Holdings currently has an average rating of “Buy” and an average target price of $70.00.

Atlas Air Worldwide Holdings (NASDAQ AAWW) traded up 0.22% during trading on Friday, hitting $67.05. The stock had a trading volume of 30,144 shares. The company has a 50-day moving average of $65.71 and a 200 day moving average of $57.56. Atlas Air Worldwide Holdings has a 52-week low of $40.25 and a 52-week high of $68.70. The firm has a market cap of $1.69 billion, a P/E ratio of 28.65 and a beta of 1.40.

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In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $66.19, for a total transaction of $330,950.00. Following the completion of the transaction, the chief executive officer now owns 191,958 shares in the company, valued at $12,705,700.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Duncan J. Mcnabb sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.65, for a total value of $60,650.00. Following the transaction, the director now owns 12,969 shares of the company’s stock, valued at approximately $786,569.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,000 shares of company stock valued at $2,528,300. 2.50% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. OLD National Bancorp IN purchased a new position in shares of Atlas Air Worldwide Holdings during the second quarter valued at approximately $338,000. Heartland Advisors Inc. purchased a new position in shares of Atlas Air Worldwide Holdings during the second quarter valued at approximately $10,430,000. Vanguard Group Inc. boosted its position in shares of Atlas Air Worldwide Holdings by 5.5% during 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 period. OZ Management LP purchased a new position in shares of Atlas Air Worldwide Holdings during the second quarter valued at approximately $1,416,000. Finally, US Bancorp DE boosted its position in shares of Atlas Air Worldwide Holdings by 3.7% during 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 period. Institutional investors and hedge funds own 96.41% 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).

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

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