Zacks: Brokerages Expect Atlas Air Worldwide Holdings, Inc. (AAWW) Will Announce Earnings of $2.08 Per Share

Brokerages expect that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will announce $2.08 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Atlas Air Worldwide’s earnings, with estimates ranging from $1.95 to $2.16. Atlas Air Worldwide reported 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 announce its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Atlas Air Worldwide will report full-year earnings of $4.59 per share for the current financial year, with EPS estimates ranging from $4.43 to $4.66. For the next fiscal year, analysts forecast that the business will report earnings of $5.20 per share, with EPS estimates ranging from $4.90 to $5.47. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ 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%. Atlas Air Worldwide’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share.

Several research analysts have weighed in on AAWW shares. ValuEngine lowered shares of Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Cowen raised shares of Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $72.00 in a report on Wednesday, January 10th. Zacks Investment Research 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 report on Monday, January 15th. 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 report on Tuesday, November 7th. Finally, BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Atlas Air Worldwide has an average rating of “Buy” and an average target price of $71.50.

Atlas Air Worldwide (NASDAQ:AAWW) opened at $62.05 on Friday. The firm has a market cap of $1,568.81, a price-to-earnings ratio of 59.66 and a beta of 1.38. 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 fifty-two week low of $45.45 and a fifty-two week high of $68.70.

In related news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $61.21, for a total value of $306,050.00. Following the sale, the chief executive officer now directly owns 171,958 shares in the company, valued at approximately $10,525,549.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Spencer Schwartz sold 4,027 shares of Atlas Air Worldwide stock in a transaction dated Friday, December 22nd. The shares were 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 quarter, insiders sold 24,222 shares of company stock worth $1,478,748. 2.50% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its position 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 purchasing an additional 300 shares during the last quarter. Thrivent Financial For Lutherans lifted its position 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 purchasing an additional 930 shares during the last quarter. American International Group Inc. lifted its position 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 purchasing an additional 989 shares during the last quarter. Supplemental Annuity Collective Trust of NJ lifted its position 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 purchasing an additional 1,000 shares during the last quarter. Finally, Cubic Asset Management LLC lifted its position 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 purchasing an additional 1,100 shares during the last quarter.

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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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