Atlas Air Worldwide Holdings, Inc. (AAWW) Expected to Announce Quarterly Sales of $559.55 Million

Wall Street brokerages predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will post $559.55 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Atlas Air Worldwide’s earnings. The lowest sales estimate is $530.30 million and the highest is $582.24 million. Atlas Air Worldwide reported sales of $475.39 million during the same quarter last year, which indicates a positive year over year growth rate of 17.7%. The business is expected to issue its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Atlas Air Worldwide will report full year sales of $559.55 million for the current year, with estimates ranging from $2.38 billion to $2.56 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.73 billion per share, with estimates ranging from $2.32 billion to $3.07 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Atlas Air Worldwide.

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Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, February 22nd. The transportation company reported $2.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.27. The company had revenue of $627.95 million for the quarter, compared to analysts’ expectations of $592.08 million. Atlas Air Worldwide had a net margin of 10.36% and a return on equity of 8.27%. Atlas Air Worldwide’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.24 EPS.

A number of equities analysts recently issued reports on AAWW shares. Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Monday, January 15th. BidaskClub cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus upped their price target on shares of Atlas Air Worldwide from $81.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Cowen upgraded shares of Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $62.00 to $72.00 in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $75.60.

Shares of Atlas Air Worldwide stock opened at $60.45 on Friday. The stock has a market capitalization of $1,537.55, a P/E ratio of 12.26 and a beta of 1.17. Atlas Air Worldwide has a 1 year low of $45.45 and a 1 year high of $68.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.12.

In other Atlas Air Worldwide news, SVP Keith H. Mayer sold 864 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $61.69, for a total transaction of $53,300.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Schwartz sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $63.55, for a total transaction of $317,750.00. Following the transaction, the chief financial officer now owns 48,118 shares in the company, valued at approximately $3,057,898.90. The disclosure for this sale can be found here. Insiders have sold a total of 35,141 shares of company stock worth $2,086,056 in the last 90 days. Company insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AAWW. Amalgamated Bank bought a new position in Atlas Air Worldwide during the 3rd quarter valued at about $208,000. Investors Research Corp bought a new position in Atlas Air Worldwide during the 4th quarter valued at about $305,000. KBC Group NV bought a new position in Atlas Air Worldwide during the 4th quarter valued at about $325,000. Alambic Investment Management L.P. bought a new position in Atlas Air Worldwide during the 4th quarter valued at about $364,000. Finally, Macquarie Group Ltd. bought a new position in Atlas Air Worldwide during the 3rd quarter valued at about $382,000.

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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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