Equities analysts expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report sales of $696.20 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Atlas Air Worldwide’s earnings. The highest sales estimate is $696.40 million and the lowest is $696.00 million. Atlas Air Worldwide posted sales of $656.61 million in the same quarter last year, which indicates a positive year over year growth rate of 6%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 7th.

On average, analysts expect that Atlas Air Worldwide will report full-year sales of $2.90 billion for the current year, with estimates ranging from $2.84 billion to $3.00 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.17 billion, with estimates ranging from $3.07 billion to $3.28 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.40). Atlas Air Worldwide had a net margin of 12.27% and a return on equity of 8.05%. The business had revenue of $663.92 million during the quarter, compared to analysts’ expectations of $713.31 million. During the same period last year, the company earned $1.75 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis.

Several analysts have issued reports on the stock. BidaskClub raised shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Cowen reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Atlas Air Worldwide in a report on Friday, August 2nd. Finally, Susquehanna Bancshares downgraded shares of Atlas Air Worldwide from a “positive” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $30.00 in a report on Tuesday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $59.83.

In related news, CFO Spencer Schwartz sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $45.80, for a total transaction of $297,700.00. Following the transaction, the chief financial officer now owns 48,541 shares of the company’s stock, valued at $2,223,177.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 19,500 shares of company stock worth $753,415 in the last three months. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AAWW. Phocas Financial Corp. increased its position in Atlas Air Worldwide by 24.1% during the second quarter. Phocas Financial Corp. now owns 275,788 shares of the transportation company’s stock worth $12,311,000 after purchasing an additional 53,570 shares during the last quarter. United Services Automobile Association increased its position in Atlas Air Worldwide by 9.0% during the second quarter. United Services Automobile Association now owns 8,642 shares of the transportation company’s stock worth $386,000 after purchasing an additional 714 shares during the last quarter. BRYN MAWR TRUST Co increased its position in Atlas Air Worldwide by 1.4% during the second quarter. BRYN MAWR TRUST Co now owns 131,943 shares of the transportation company’s stock worth $5,890,000 after purchasing an additional 1,773 shares during the last quarter. Factorial Partners LLC acquired a new position in Atlas Air Worldwide during the second quarter worth approximately $433,000. Finally, Nuveen Asset Management LLC acquired a new position in Atlas Air Worldwide during the second quarter worth approximately $8,133,000.

Shares of NASDAQ AAWW traded down $1.20 on Thursday, hitting $24.58. The company’s stock had a trading volume of 662,889 shares, compared to its average volume of 331,787. Atlas Air Worldwide has a 12-month low of $24.45 and a 12-month high of $65.15. The company has a market capitalization of $717.45 million, a price-to-earnings ratio of 3.38 and a beta of 2.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a 50 day moving average of $28.08 and a 200-day moving average of $40.62.

Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

See Also: Outstanding Shares and The Effect on Share Price

Get a free copy of the Zacks research report on Atlas Air Worldwide (AAWW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Atlas Air Worldwide (NASDAQ:AAWW)

Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.