Analysts Expect Atlas Air Worldwide Holdings, Inc. (AAWW) Will Announce Quarterly Sales of $756.57 Million

Equities research analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to announce $756.57 million in sales for the current quarter, Zacks Investment Research reports. 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 reported sales of $627.95 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Atlas Air Worldwide will report full year sales of $2.67 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.68 billion. For the next financial year, analysts anticipate that the business will post sales of $3.00 billion, with estimates ranging from $2.77 billion to $3.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.18. The business had revenue of $656.61 million for the quarter, compared to analyst estimates of $664.70 million. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS.

A number of brokerages recently commented on AAWW. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, November 7th. BidaskClub upgraded Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Wolfe Research downgraded Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. ValuEngine downgraded Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Finally, Imperial Capital lowered their price objective on Atlas Air Worldwide from $91.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $72.67.

Institutional investors and hedge funds have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust grew its stake in shares of Atlas Air Worldwide by 33.8% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock worth $23,552,000 after purchasing an additional 93,254 shares in the last quarter. Strs Ohio grew its stake in shares of Atlas Air Worldwide by 14.3% in the third quarter. Strs Ohio now owns 80,000 shares of the transportation company’s stock worth $5,100,000 after purchasing an additional 10,000 shares in the last quarter. Heartland Advisors Inc. grew its stake in shares of Atlas Air Worldwide by 33.3% in the third quarter. Heartland Advisors Inc. now owns 100,000 shares of the transportation company’s stock worth $6,375,000 after purchasing an additional 25,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Atlas Air Worldwide by 7.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 225,630 shares of the transportation company’s stock worth $16,178,000 after purchasing an additional 16,091 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Atlas Air Worldwide by 13.3% in the third quarter. Baird Financial Group Inc. now owns 101,105 shares of the transportation company’s stock worth $6,273,000 after purchasing an additional 11,874 shares in the last quarter.

AAWW traded down $1.28 during trading on Tuesday, reaching $45.25. 393,910 shares of the company were exchanged, compared to its average volume of 218,914. The company has a market cap of $1.16 billion, a P/E ratio of 9.18 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. Atlas Air Worldwide has a 52 week low of $45.01 and a 52 week high of $75.29.

Atlas Air Worldwide Company Profile

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 Worldwide (NASDAQ:AAWW)

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