Analysts Anticipate Atlas Air Worldwide Holdings, Inc. (AAWW) Will Announce Quarterly Sales of $592.14 Million

Equities research analysts predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will report sales of $592.14 million for the current quarter, Zacks reports. Three analysts have provided estimates for Atlas Air Worldwide’s earnings, with the highest sales estimate coming in at $623.01 million and the lowest estimate coming in at $566.90 million. Atlas Air Worldwide reported sales of $529.73 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm 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 fiscal year, with estimates ranging from $2.10 billion to $2.15 billion. For the next year, analysts expect that the company will report sales of $2.41 billion per share, with estimates ranging from $2.30 billion to $2.54 billion. Zacks’ sales calculations are an average based on a survey of 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). The company had revenue of $535.70 million during 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 company’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share.

A number of brokerages have recently weighed in on AAWW. ValuEngine raised shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Stifel Nicolaus raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, November 7th. Finally, Cowen reissued a “hold” rating on shares of Atlas Air Worldwide in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $70.00.

Shares of Atlas Air Worldwide (NASDAQ AAWW) opened at $56.55 on Friday. The firm has a market cap of $1,440.00, a P/E ratio of 34.48 and a beta of 1.38. Atlas Air Worldwide has a one year low of $45.45 and a one year high of $68.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21.

In other news, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $59.75, for a total transaction of $240,613.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $64.50, for a total transaction of $322,500.00. The disclosure for this sale can be found here. Insiders have sold 29,222 shares of company stock worth $1,819,448 in the last 90 days. 2.50% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in AAWW. California Public Employees Retirement System increased its stake in Atlas Air Worldwide by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 74,400 shares of the transportation company’s stock valued at $3,880,000 after buying an additional 300 shares during the period. Thrivent Financial For Lutherans increased its stake in Atlas Air Worldwide by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,200 shares of the transportation company’s stock valued at $793,000 after buying an additional 930 shares during the period. American International Group Inc. increased its stake in Atlas Air Worldwide by 5.6% in the 3rd quarter. American International Group Inc. now owns 18,681 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 989 shares during the period. Supplemental Annuity Collective Trust of NJ increased its stake in Atlas Air Worldwide by 5.6% in the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 19,000 shares of the transportation company’s stock valued at $1,250,000 after buying an additional 1,000 shares during the period. Finally, Cubic Asset Management LLC increased its stake in Atlas Air Worldwide by 3.5% in the 3rd quarter. Cubic Asset Management LLC now owns 32,560 shares of the transportation company’s stock valued at $2,142,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 96.40% of the company’s stock.

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

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