$0.57 Earnings Per Share Expected for Atlas Air (AAWW) This Quarter

Wall Street brokerages expect that Atlas Air (NASDAQ:AAWW) will post earnings of $0.57 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Atlas Air’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.40. Atlas Air reported earnings of $0.31 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 83.9%. The company is expected to announce its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Atlas Air will report full year earnings of $5.72 per share for the current fiscal year, with EPS estimates ranging from $5.30 to $6.02. For the next year, analysts expect that the company will post earnings of $6.71 per share, with EPS estimates ranging from $6.15 to $7.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Atlas Air.

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

A number of research analysts have commented on the stock. Imperial Capital restated an “outperform” rating and set a $84.00 price target (up previously from $82.00) on shares of Atlas Air in a research note on Friday, February 23rd. Susquehanna Bancshares set a $77.00 price target on shares of Atlas Air and gave the stock a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded shares of Atlas Air from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Atlas Air from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, ValuEngine upgraded shares of Atlas Air from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. Atlas Air has a consensus rating of “Buy” and a consensus target price of $75.60.

AAWW traded down $2.25 during midday trading on Friday, reaching $60.75. 154,864 shares of the company’s stock were exchanged, compared to its average volume of 273,733. The stock has a market cap of $1,556.61, a price-to-earnings ratio of 12.32 and a beta of 1.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.12. Atlas Air has a one year low of $45.45 and a one year high of $68.70.

In other news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $59.10, for a total transaction of $295,500.00. Following the completion of the sale, the chief executive officer now owns 156,958 shares of the company’s stock, valued at $9,276,217.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Keith H. Mayer sold 864 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $61.69, for a total transaction of $53,300.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,141 shares of company stock valued at $2,092,306. Company insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AAWW. Amalgamated Bank acquired a new stake in shares of Atlas Air during the third quarter worth approximately $208,000. Investors Research Corp acquired a new stake in shares of Atlas Air during the fourth quarter worth approximately $305,000. KBC Group NV acquired a new stake in shares of Atlas Air during the fourth quarter worth approximately $325,000. Alambic Investment Management L.P. acquired a new stake in shares of Atlas Air during the fourth quarter worth approximately $364,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Atlas Air during the third quarter worth approximately $382,000.

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About Atlas Air

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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Earnings History and Estimates for Atlas Air (NASDAQ:AAWW)

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