Equities analysts predict that Atlas Air Worldwide Holdings (NASDAQ:AAWW) will announce sales of $530.17 million for the current fiscal quarter, Zacks 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 during the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, November 7th.

On average, analysts expect that Atlas Air Worldwide Holdings will report full-year sales of $530.17 million for the current year, with estimates ranging from $2.07 billion to $2.16 billion. For the next year, analysts forecast that the company will post sales of $2.40 billion per share, with estimates ranging from $2.26 billion to $2.51 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Atlas Air Worldwide Holdings.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.24. The company had revenue of $517.37 million during the quarter, compared to analyst estimates of $500.44 million. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS.

AAWW has been the subject of several research analyst reports. Zacks Investment Research cut shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Susquehanna Bancshares Inc initiated coverage on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 17th. They set a “positive” rating and a $72.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Finally, ValuEngine upgraded shares of Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 0.94% on Wednesday, reaching $63.10. 190,383 shares of the company’s stock traded hands. Atlas Air Worldwide Holdings has a 52 week low of $40.25 and a 52 week high of $68.70. The company’s 50-day moving average is $65.72 and its 200-day moving average is $58.70. The firm has a market capitalization of $1.59 billion, a P/E ratio of 26.97 and a beta of 1.40.

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In other news, Director Duncan J. Mcnabb sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 12,969 shares in the company, valued at approximately $786,569.85. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $58.59, for a total transaction of $292,950.00. Following the completion of the transaction, the chief executive officer now owns 196,958 shares of the company’s stock, valued at approximately $11,539,769.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,000 shares of company stock valued at $2,646,700. Corporate insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. OLD National Bancorp IN acquired a new position in shares of Atlas Air Worldwide Holdings in the 2nd quarter valued at $338,000. Heartland Advisors Inc. acquired a new position in shares of Atlas Air Worldwide Holdings in the 2nd quarter valued at $10,430,000. Vanguard Group Inc. raised its stake in shares of Atlas Air Worldwide Holdings by 5.5% in the 1st 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 in the last quarter. OZ Management LP acquired a new position in shares of Atlas Air Worldwide Holdings in the 2nd quarter valued at $1,416,000. Finally, US Bancorp DE raised its stake in shares of Atlas Air Worldwide Holdings by 3.7% in the 2nd 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 in the last quarter. Institutional investors own 96.41% of the company’s stock.

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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