Atlas Air Worldwide Holdings, Inc. (AAWW) Expected to Announce Quarterly Sales of $756.57 Million

Wall Street analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to post sales of $756.57 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Atlas Air Worldwide’s earnings. The highest sales estimate is $769.40 million and the lowest is $719.70 million. Atlas Air Worldwide posted sales of $627.95 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The firm is expected to announce its next earnings report on Thursday, February 28th.

On average, analysts expect that Atlas Air Worldwide will report full-year sales of $2.67 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.68 billion. For the next financial year, analysts expect that the company will post sales of $3.00 billion, with estimates ranging from $2.77 billion to $3.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share for the quarter, topping the 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 firm had revenue of $656.61 million for the quarter, compared to the consensus estimate of $664.70 million. During the same period in the prior year, the firm earned $1.08 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.

AAWW has been the topic of several recent research reports. BidaskClub downgraded shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. ValuEngine downgraded shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank set a $66.00 price objective on shares of Atlas Air Worldwide and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, TheStreet downgraded shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Four research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $72.80.

AAWW traded up $0.84 during trading hours on Friday, hitting $48.55. 317,800 shares of the company’s stock were exchanged, compared to its average volume of 310,450. Atlas Air Worldwide has a 12-month low of $35.59 and a 12-month high of $75.29. The company has a market cap of $1.20 billion, a P/E ratio of 9.85 and a beta of 1.62. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.23.

Several large investors have recently made changes to their positions in the business. New England Research & Management Inc. increased its position in shares of Atlas Air Worldwide by 2.5% in the 4th quarter. New England Research & Management Inc. now owns 28,650 shares of the transportation company’s stock valued at $1,209,000 after purchasing an additional 700 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Atlas Air Worldwide by 1.8% in the 3rd quarter. Teachers Advisors LLC now owns 44,635 shares of the transportation company’s stock valued at $2,845,000 after purchasing an additional 788 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $305,000. Legal & General Group Plc increased its position in shares of Atlas Air Worldwide by 9.6% in the 3rd quarter. Legal & General Group Plc now owns 56,722 shares of the transportation company’s stock valued at $3,613,000 after purchasing an additional 4,979 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Atlas Air Worldwide by 18.3% in the 3rd quarter. Nordea Investment Management AB now owns 90,044 shares of the transportation company’s stock valued at $5,742,000 after purchasing an additional 13,902 shares during the last quarter.

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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