$1.11 EPS Expected for Atlas Air (AAWW) This Quarter

Wall Street analysts predict that Atlas Air (NASDAQ:AAWW) will report earnings of $1.11 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Atlas Air’s earnings, with estimates ranging from $1.04 to $1.14. Atlas Air reported earnings per share of $1.09 in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Atlas Air will report full year earnings of $5.92 per share for the current financial year, with EPS estimates ranging from $5.30 to $6.50. For the next fiscal year, analysts forecast that the business will report earnings of $6.80 per share, with EPS estimates ranging from $6.15 to $7.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Atlas Air.

Atlas Air (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, May 3rd. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.29. The firm had revenue of $590.01 million for the quarter, compared to the consensus estimate of $554.19 million. Atlas Air had a return on equity of 8.84% and a net margin of 10.30%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS.

Several equities research analysts recently issued reports on AAWW shares. Zacks Investment Research upgraded Atlas Air from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, May 7th. Stifel Nicolaus boosted their price objective on Atlas Air from $81.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Susquehanna Bancshares set a $77.00 price objective on Atlas Air and gave the company a “buy” rating in a report on Monday, February 26th. ValuEngine downgraded Atlas Air from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, BidaskClub upgraded Atlas Air from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $79.20.

In other Atlas Air news, EVP Adam Richard Kokas sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the sale, the executive vice president now owns 39,130 shares in the company, valued at approximately $2,657,709.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William J. Flynn sold 4,277 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $60.85, for a total value of $260,255.45. Following the sale, the chief executive officer now owns 151,958 shares in the company, valued at approximately $9,246,644.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,051 shares of company stock worth $5,100,292. 2.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAWW. Emerald Advisers Inc. PA increased its holdings in shares of Atlas Air by 192.2% in the 4th quarter. Emerald Advisers Inc. PA now owns 308,987 shares of the transportation company’s stock valued at $18,122,000 after acquiring an additional 203,231 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Atlas Air by 112.5% in the 1st quarter. Millennium Management LLC now owns 211,900 shares of the transportation company’s stock valued at $12,809,000 after acquiring an additional 112,187 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Atlas Air by 19.5% in the 4th quarter. Royce & Associates LP now owns 478,332 shares of the transportation company’s stock valued at $28,054,000 after acquiring an additional 78,055 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Atlas Air by 64.4% in the 1st quarter. Russell Investments Group Ltd. now owns 188,410 shares of the transportation company’s stock valued at $11,389,000 after acquiring an additional 73,790 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its holdings in shares of Atlas Air by 26.0% in the 4th quarter. Kennedy Capital Management Inc. now owns 324,276 shares of the transportation company’s stock valued at $19,019,000 after acquiring an additional 67,003 shares during the last quarter.

Shares of AAWW stock traded down $0.05 on Friday, hitting $69.20. The stock had a trading volume of 132,104 shares, compared to its average volume of 243,528. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.77 billion, a PE ratio of 14.04 and a beta of 1.25. Atlas Air has a 1 year low of $46.30 and a 1 year high of $70.00.

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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