Atlas Air Worldwide Holdings (NASDAQ:AAWW) – Research analysts at Seaport Global Securities dropped their Q3 2017 EPS estimates for Atlas Air Worldwide Holdings in a research note issued to investors on Thursday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings of $1.12 per share for the quarter, down from their prior forecast of $1.30. Seaport Global Securities also issued estimates for Atlas Air Worldwide Holdings’ FY2017 earnings at $4.61 EPS, Q4 2018 earnings at $2.27 EPS and FY2018 earnings at $5.10 EPS.
Several other equities analysts have also recently issued reports on AAWW. Stifel Nicolaus cut Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a report on Thursday, April 27th. They noted that the move was a valuation call. Zacks Investment Research cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Imperial Capital raised their price target on Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. Cowen and Company reiterated a “hold” rating and issued a $60.00 price target on shares of Atlas Air Worldwide Holdings in a report on Tuesday, July 11th. Finally, BidaskClub upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $68.40.
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Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) opened at 60.65 on Friday. The company has a market capitalization of $1.53 billion, a PE ratio of 25.92 and a beta of 1.45. Atlas Air Worldwide Holdings has a 12 month low of $34.22 and a 12 month high of $67.75. The firm has a 50-day moving average of $58.02 and a 200 day moving average of $54.46.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million for the quarter, compared to analysts’ expectations of $500.44 million. During the same period in the previous year, the business earned $0.80 earnings per share. Atlas Air Worldwide Holdings’s revenue for the quarter was up 16.7% compared to the same quarter last year.
In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $58.59, for a total value of $292,950.00. Following the transaction, the chief executive officer now owns 196,958 shares of the company’s stock, valued at $11,539,769.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 25,000 shares of company stock worth $1,404,200 in the last three months. Insiders own 2.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in Atlas Air Worldwide Holdings during the first quarter valued at $107,000. State of Alaska Department of Revenue raised its position in 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. UBS Asset Management Americas Inc. bought a new position in Atlas Air Worldwide Holdings during the second quarter valued at $201,000. KCG Holdings Inc. raised its position in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after buying an additional 849 shares during the last quarter. Finally, US Bancorp DE raised its position in Atlas Air Worldwide Holdings by 3.7% in the second quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock valued at $289,000 after buying an additional 197 shares during the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.
Atlas Air Worldwide Holdings Company Profile
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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