$592.14 Million in Sales Expected for Atlas Air Worldwide Holdings, Inc. (AAWW) This Quarter
Equities analysts predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will report sales of $592.14 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Atlas Air Worldwide’s earnings. The lowest sales estimate is $566.90 million and the highest is $623.01 million. Atlas Air Worldwide reported sales of $529.73 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Atlas Air Worldwide will report full-year sales of $592.14 million for the current year, with estimates ranging from $2.10 billion to $2.15 billion. For the next financial year, analysts forecast that the firm will post sales of $2.41 billion per share, with estimates ranging from $2.30 billion to $2.54 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share.
In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $65.59, for a total transaction of $327,950.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 25,000 shares of company stock worth $1,605,650 over the last 90 days. 2.50% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AAWW. UBS Asset Management Americas Inc. bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at approximately $201,000. Amalgamated Bank bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $208,000. New England Research & Management Inc. bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $273,000. Piedmont Investment Advisors LLC bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at approximately $285,000. Finally, US Bancorp DE increased its holdings in shares of Atlas Air Worldwide 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 acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.
Shares of Atlas Air Worldwide (NASDAQ:AAWW) opened at $58.90 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a twelve month low of $45.45 and a twelve month high of $68.70. The stock has a market capitalization of $1,460.10, a P/E ratio of 12.23 and a beta of 1.38.
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About Atlas Air Worldwide
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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