Wall Street brokers expect Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW – Get Rating) to post earnings per share (EPS) of $2.46 for the current fiscal quarter, reports Zacks Investment Research. Two analysts have made earnings estimates for Atlas Air Worldwide. The lowest EPS estimate is $2.21 and the highest is $2.76. Atlas Air Worldwide reported earnings per share of $2.45 in the same quarter last year, indicating a positive growth rate of 0.4% year over year. The company is expected to announce its next quarterly earnings report before the market opens on Monday, January 1.
On average, analysts expect Atlas Air Worldwide to report annual earnings of $14.06 per share for the current year, with EPS estimates ranging from $12.15 to $16.18. For the next fiscal year, analysts expect the company to post earnings of $12.41 per share, with EPS estimates ranging from $10.71 to $14.90. Zacks Investment Research’s EPS calculations are an average average based on a survey of research analysts who cover Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last announced its quarterly results on Thursday, February 17. The transportation company reported earnings per share (EPS) of $7.05 for the quarter, beating analysts’ consensus estimate of $6.11 by $0.94. The company posted revenue of $1.16 billion for the quarter, against analyst estimates of $1.10 billion. Atlas Air Worldwide achieved a net margin of 12.24% and a return on equity of 21.37%. The company’s revenue increased 24.7% year over year. In the same quarter last year, the company achieved EPS of $4.83.
Several equity research analysts have recently weighed in on AAWW shares. Wolfe Research downgraded Atlas Air Worldwide from a “peer performing” rating to an “underperforming” rating and set a price target of $73.00 for the stock. in a research report on Tuesday, April 5. Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “strong buy” rating to a “hold” rating in a Monday, February 21 report. Finally, StockNews.com downgraded Atlas Air Worldwide from a “buy” rating to a “hold” rating in a Friday, April 8 report. One financial analyst has assigned the stock a sell rating, two have issued a hold rating and one has assigned the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $82.00.
Shares of Atlas Air Worldwide rose $0.32 during midday trading Monday, hitting $68.77. 21,825 shares of the company were traded, compared to its average volume of 747,250. The company has a market capitalization of $2.00 billion, a PE ratio of 4.28 and a beta of 1.17. The stock has a 50-day moving average of $79.42 and a 200-day moving average of $83.24. Atlas Air Worldwide has a 12-month low of $62.13 and a 12-month high of $97.13. The company has a debt ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.93.
Atlas Air Worldwide announced that its board of directors launched a stock repurchase program on Thursday, February 17 that allows the company to repurchase $200.00 million of outstanding stock. This repurchase authorization allows the transport company to buy up to 8.8% of its shares through purchases on the open market. Stock buyback programs are usually a sign that the company’s board of directors believe its stock is undervalued.
In other news, Executive Vice President Adam Richard Kokas sold 9,975 shares of the company in a trade that took place on Monday, March 21. The stock was sold at an average price of $88.45, for a total transaction of $882,288.75. The transaction was disclosed in a filing with the SEC, accessible via this link. 1.70% of the shares are held by insiders.
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Sixth Street Partners Management Company LP increased its position in Atlas Air Worldwide shares by 48.7% during the third quarter. Sixth Street Partners Management Company LP now owns 2,007,000 shares of the transportation company worth $163,932,000 after purchasing an additional 657,000 shares last quarter. State Street Corp increased its stake in Atlas Air Worldwide by 10.1% in the fourth quarter. State Street Corp now owns 1,193,155 shares of the transportation company valued at $112,300,000 after buying an additional 109,588 shares last quarter. Geode Capital Management LLC increased its stake in Atlas Air Worldwide by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 498,554 shares of the transportation company worth $46,923,000 after purchasing an additional 22,969 shares during the period. Millennium Management LLC increased its stake in Atlas Air Worldwide shares by 264.9% during the 4th quarter. Millennium Management LLC now owns 434,140 shares of the transportation company worth $40,861,000 after purchasing an additional 315,170 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Atlas Air Worldwide by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,945 shares of the transportation company worth $31,713,000 after acquiring 11,882 additional shares during the period.
About Atlas Air Worldwide (Get a rating)
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft operations and aviation services. It operates through two segments, Airline Operations and Dry Leasing. The company offers outsourced freighter and passenger aircraft operations solutions, including contractual service agreements, such as aircraft supply; and value-added services, including crew, maintenance and insurance to aircraft and other customers.
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