Brokerages Anticipate Atlas Air Worldwide Holdings, Inc. (AAWW) Will Announce Earnings of $2.89 Per Share

Analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report $2.89 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Atlas Air Worldwide’s earnings. The highest EPS estimate is $2.97 and the lowest is $2.77. Atlas Air Worldwide reported earnings per share of $2.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.9%. The business is scheduled to report 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 fiscal year, analysts expect that the company will report 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 an 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 earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The firm had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $664.70 million. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 22.6% on a year-over-year basis.

AAWW has been the subject of a number of research analyst reports. Wolfe Research cut Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. BidaskClub raised Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Deutsche Bank initiated coverage on 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. ValuEngine cut Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Finally, TheStreet cut Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Atlas Air Worldwide has an average rating of “Hold” and an average target price of $72.67.

NASDAQ:AAWW traded down $1.28 on Friday, reaching $45.25. The company’s stock had a trading volume of 393,910 shares, compared to its average volume of 218,914. Atlas Air Worldwide has a 1-year low of $45.01 and a 1-year high of $75.29. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.23. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.18 and a beta of 1.52.

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc bought a new stake in shares of Atlas Air Worldwide in the second quarter valued at about $221,000. Janney Montgomery Scott LLC bought a new stake in shares of Atlas Air Worldwide in the second quarter valued at about $233,000. Paloma Partners Management Co bought a new stake in shares of Atlas Air Worldwide in the second quarter valued at about $238,000. Marshall Wace LLP bought a new stake in shares of Atlas Air Worldwide in the third quarter valued at about $305,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Atlas Air Worldwide in the second quarter valued at about $344,000.

About Atlas Air Worldwide

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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