Atlas Air Worldwide Holdings (AAWW) Set to Announce Quarterly Earnings on Tuesday
Atlas Air Worldwide Holdings (NASDAQ:AAWW) is scheduled to announce its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.20 per share for the quarter.
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 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 7.55% and a return on equity of 10.09%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. On average, analysts expect Atlas Air Worldwide Holdings to post $4.83 EPS for the current fiscal year and $5.28 EPS for the next fiscal year.
Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 61.50 on Tuesday. The stock’s 50 day moving average is $65.40 and its 200 day moving average is $58.88. Atlas Air Worldwide Holdings has a 12-month low of $40.25 and a 12-month high of $68.70. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 26.28 and a beta of 1.40.
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In related news, Director Duncan J. Mcnabb sold 1,000 shares of the 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 completion of the transaction, the director now owns 12,969 shares of the company’s stock, valued at approximately $786,569.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were 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 directly owns 191,958 shares of the company’s stock, valued at approximately $12,705,700.02. The disclosure for this sale can be found here. In the last three months, insiders sold 36,000 shares of company stock valued at $2,353,750. 2.50% of the stock is owned by insiders.
Several brokerages recently commented on AAWW. Zacks Investment Research raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Monday, August 7th. Stifel Nicolaus reissued a “hold” rating and issued a $69.00 price objective on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Cowen and Company reissued a “hold” rating on shares of Atlas Air Worldwide Holdings in a research note on Thursday, October 12th. Finally, BidaskClub downgraded shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Atlas Air Worldwide Holdings has an average rating of “Buy” and an average target price of $70.00.
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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