$534.80 Million in Sales Expected for Atlas Air Worldwide Holdings (AAWW) This Quarter

Equities research analysts expect Atlas Air Worldwide Holdings (NASDAQ:AAWW) to announce $534.80 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Atlas Air Worldwide Holdings’ earnings, with the highest sales estimate coming in at $549.70 million and the lowest estimate coming in at $517.90 million. Atlas Air Worldwide Holdings posted sales of $448.02 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The company is scheduled to report its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Atlas Air Worldwide Holdings will report full year sales of $534.80 million for the current financial year, with estimates ranging from $2.07 billion to $2.16 billion. For the next fiscal year, analysts expect that the company will report sales of $2.35 billion per share, with estimates ranging from $2.26 billion to $2.51 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Atlas Air Worldwide Holdings.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24. The company had revenue of $517.37 million for the quarter, compared to analyst estimates of $500.44 million. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. Atlas Air Worldwide Holdings’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share.

Several research analysts have recently issued reports on the company. Cowen and Company restated an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 3rd. Zacks Investment Research lowered Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub lowered Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus restated a “buy” rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, June 2nd. Finally, Imperial Capital restated an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, May 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $68.40.

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Atlas Air Worldwide Holdings (AAWW) opened at 61.60 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 26.32 and a beta of 1.45. The company’s 50-day moving average price is $57.74 and its 200 day moving average price is $54.39. Atlas Air Worldwide Holdings has a 52-week low of $34.22 and a 52-week high of $67.75.

In related news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $55.10, for a total transaction of $275,500.00. Following the sale, the chief executive officer now owns 211,958 shares of the company’s stock, valued at approximately $11,678,885.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 25,000 shares of company stock worth $1,404,200 in the last ninety days. 2.50% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. OLD National Bancorp IN acquired a new stake in shares of Atlas Air Worldwide Holdings during the second quarter valued at approximately $338,000. Vanguard Group Inc. increased its stake in shares of Atlas Air Worldwide Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,195,742 shares of the transportation company’s stock valued at $121,754,000 after buying an additional 114,422 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Atlas Air Worldwide Holdings during the first quarter valued at approximately $3,417,000. State of Alaska Department of Revenue increased its stake in shares of Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock valued at $153,000 after buying an additional 80 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Atlas Air Worldwide Holdings by 33.2% in the first quarter. Alliancebernstein L.P. now owns 1,382,286 shares of the transportation company’s stock valued at $76,648,000 after buying an additional 344,745 shares during the last quarter. 96.32% of the stock is currently owned by institutional investors and hedge funds.

About Atlas Air Worldwide Holdings

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 Holdings (NASDAQ:AAWW)

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