Atlas Air Worldwide Holdings, Inc. (AAWW) Expected to Announce Earnings of $2.89 Per Share

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Analysts forecast that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will report earnings of $2.89 per share for the current quarter, Zacks reports. Four analysts have made estimates for Atlas Air Worldwide’s earnings. The lowest EPS estimate is $2.77 and the highest is $2.97. Atlas Air Worldwide reported earnings per share of $2.43 in the same quarter last year, which indicates a positive year-over-year growth rate of 18.9%. The firm is scheduled to announce its next earnings report on Thursday, February 28th.

On average, analysts expect that Atlas Air Worldwide will report full-year earnings of $7.10 per share for the current fiscal year, with EPS estimates ranging from $7.00 to $7.16. For the next financial year, analysts forecast that the firm will post earnings of $7.20 per share, with EPS estimates ranging from $7.00 to $7.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Thursday, November 1st. The transportation company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $664.70 million. During the same quarter last year, the business earned $1.08 EPS. The business’s revenue was up 22.6% on a year-over-year basis.

AAWW has been the subject of several recent analyst reports. BidaskClub cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. ValuEngine cut shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Deutsche Bank initiated coverage on shares of Atlas Air Worldwide in a research note on Tuesday, September 4th. They issued a “buy” rating and a $76.00 target price for the company. Zacks Investment Research cut shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, TheStreet cut shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Three analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.67.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Atlas Air Worldwide by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,151,969 shares of the transportation company’s stock valued at $137,188,000 after purchasing an additional 5,515 shares during the period. LSV Asset Management lifted its stake in shares of Atlas Air Worldwide by 7.7% in the third quarter. LSV Asset Management now owns 1,041,783 shares of the transportation company’s stock valued at $66,413,000 after purchasing an additional 74,900 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Atlas Air Worldwide by 5.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 950,000 shares of the transportation company’s stock valued at $60,563,000 after purchasing an additional 50,000 shares during the period. Towle & Co. lifted its stake in shares of Atlas Air Worldwide by 9.5% in the second quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock valued at $59,632,000 after purchasing an additional 72,320 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in shares of Atlas Air Worldwide by 717,148.5% in the third quarter. Glenmede Trust Co. NA now owns 487,729 shares of the transportation company’s stock valued at $31,091,000 after purchasing an additional 487,661 shares during the period.

Shares of AAWW stock traded down $1.28 during mid-day trading on Friday, hitting $45.25. The stock had a trading volume of 393,910 shares, compared to its average volume of 218,914. Atlas Air Worldwide has a fifty-two week low of $45.01 and a fifty-two week high of $75.29. The stock has a market capitalization of $1.16 billion, a PE ratio of 9.18 and a beta of 1.52. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.73 and a current ratio of 0.73.

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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