Wall Street brokerages predict that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will announce sales of $756.57 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Atlas Air Worldwide’s earnings. The lowest sales estimate is $719.70 million and the highest is $769.40 million. Atlas Air Worldwide posted sales of $627.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 20.5%. The company is expected to report its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that Atlas Air Worldwide will report full year sales of $2.67 billion for the current financial year, with estimates ranging from $2.63 billion to $2.68 billion. For the next financial year, analysts forecast that the company will report sales of $3.00 billion, with estimates ranging from $2.77 billion to $3.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings data on Thursday, November 1st. The transportation company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.18. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The business had revenue of $656.61 million for the quarter, compared to analyst estimates of $664.70 million. During the same quarter last year, the firm earned $1.08 EPS. Atlas Air Worldwide’s quarterly revenue was up 22.6% compared to the same quarter last year.
Atlas Air Worldwide stock traded up $0.21 during midday trading on Friday, hitting $50.56. 16,835 shares of the stock were exchanged, compared to its average volume of 317,053. Atlas Air Worldwide has a 52 week low of $48.19 and a 52 week high of $75.29. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.26 and a beta of 1.52. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.73 and a quick ratio of 0.73.
A number of hedge funds have recently made changes to their positions in AAWW. Principal Financial Group Inc. raised its holdings in Atlas Air Worldwide by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 194,955 shares of the transportation company’s stock worth $11,785,000 after buying an additional 5,761 shares during the period. Bank of Montreal Can raised its holdings in Atlas Air Worldwide by 3.0% during the 2nd quarter. Bank of Montreal Can now owns 56,738 shares of the transportation company’s stock worth $4,067,000 after buying an additional 1,668 shares during the period. Sit Investment Associates Inc. raised its holdings in Atlas Air Worldwide by 20.9% during the 2nd quarter. Sit Investment Associates Inc. now owns 16,275 shares of the transportation company’s stock worth $1,167,000 after buying an additional 2,815 shares during the period. James Investment Research Inc. raised its holdings in Atlas Air Worldwide by 124.4% during the 2nd quarter. James Investment Research Inc. now owns 58,875 shares of the transportation company’s stock worth $4,221,000 after buying an additional 32,635 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Atlas Air Worldwide during the 2nd quarter worth approximately $233,000.
About Atlas Air Worldwide
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.
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