Wall Street analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to announce sales of $592.14 million for the current quarter, according to Zacks. 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 posted sales of $529.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The company is expected to issue its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Atlas Air Worldwide will report full-year sales of $592.14 million for the current financial year, with estimates ranging from $2.10 billion to $2.15 billion. For the next financial year, analysts forecast that the company will post sales of $2.41 billion per share, with estimates ranging from $2.30 billion to $2.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Atlas Air Worldwide.
AAWW has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report 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 objective on the stock in a report on Tuesday, November 7th. ValuEngine downgraded shares of Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. BidaskClub raised shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Cowen reissued a “hold” rating on shares of Atlas Air Worldwide in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Atlas Air Worldwide currently has a consensus rating of “Buy” and an average price target of $70.00.
In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $61.95, for a total value of $309,750.00. Following the sale, the chief executive officer now owns 161,958 shares of the company’s stock, valued at $10,033,298.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Schwartz sold 4,027 shares of the company’s 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. Insiders sold 19,222 shares of company stock worth $1,149,998 in the last ninety days. Insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signition LP purchased a new stake in shares of Atlas Air Worldwide in the fourth quarter valued at about $688,000. KBC Group NV acquired a new position in shares of Atlas Air Worldwide in the fourth quarter valued at approximately $325,000. California Public Employees Retirement System raised its position in shares of Atlas Air Worldwide by 8.3% in the fourth quarter. California Public Employees Retirement System now owns 77,940 shares of the transportation company’s stock valued at $4,571,000 after buying an additional 5,968 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new position in shares of Atlas Air Worldwide in the fourth quarter valued at approximately $836,000. Finally, Capital Management Associates NY acquired a new position in shares of Atlas Air Worldwide in the fourth quarter valued at approximately $405,000.
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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