Zacks: Analysts Expect Atlas Air Worldwide Holdings, Inc. (AAWW) to Announce $2.08 EPS

Wall Street brokerages predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will post $2.08 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Atlas Air Worldwide’s earnings. The highest EPS estimate is $2.14 and the lowest is $1.95. Atlas Air Worldwide posted earnings of $2.24 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The firm is expected to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that Atlas Air Worldwide will report full-year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.43 to $4.64. For the next fiscal year, analysts anticipate that the business will post earnings of $5.03 per share, with EPS estimates ranging from $4.90 to $5.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The company had revenue of $535.70 million during the quarter, compared to analyst estimates of $521.29 million. During the same period in the prior year, the business earned $1.09 EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis.

AAWW has been the subject of a number of analyst reports. ValuEngine lowered shares of Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Tuesday, November 7th. Cowen reaffirmed a “hold” rating on shares of Atlas Air Worldwide in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Atlas Air Worldwide has a consensus rating of “Buy” and an average target price of $70.00.

In other news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction on Monday, October 9th. The shares were sold at an average price of $65.59, for a total transaction of $327,950.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Schwartz sold 4,027 shares of Atlas Air Worldwide stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $59.75, for a total transaction of $240,613.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,222 shares of company stock worth $1,819,448. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AAWW. Amalgamated Bank bought a new stake in Atlas Air Worldwide during the 3rd quarter worth about $208,000. UBS Asset Management Americas Inc. bought a new stake in Atlas Air Worldwide during the 2nd quarter worth about $201,000. New England Research & Management Inc. bought a new stake in Atlas Air Worldwide during the 3rd quarter worth about $273,000. USA Financial Portformulas Corp bought a new stake in Atlas Air Worldwide during the 3rd quarter worth about $339,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Atlas Air Worldwide during the 2nd quarter worth about $285,000. 96.40% of the stock is currently owned by institutional investors.

Atlas Air Worldwide (AAWW) traded up $0.35 on Thursday, reaching $58.30. 154,700 shares of the company’s stock were exchanged, compared to its average volume of 244,300. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a 12-month low of $45.45 and a 12-month high of $68.70. The firm has a market cap of $1,480.00, a price-to-earnings ratio of 35.55 and a beta of 1.38.

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Atlas Air Worldwide 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 (NASDAQ:AAWW)

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