Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Expected to Post Quarterly Sales of $696.20 Million
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.
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.
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