Equities research analysts expect that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will report earnings per share of $1.36 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Atlas Air Worldwide’s earnings. The highest EPS estimate is $1.40 and the lowest is $1.22. Atlas Air Worldwide reported earnings of $1.08 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Atlas Air Worldwide will report full year earnings of $6.87 per share for the current year, with EPS estimates ranging from $6.80 to $6.95. For the next financial year, analysts forecast that the company will report earnings of $7.38 per share, with EPS estimates ranging from $6.95 to $8.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings data on Thursday, August 2nd. The transportation company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.50. Atlas Air Worldwide had a return on equity of 9.80% and a net margin of 7.18%. The business had revenue of $666.15 million during the quarter, compared to analyst estimates of $634.93 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year.

AAWW has been the subject of a number of analyst reports. ValuEngine lowered Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Deutsche Bank initiated coverage on Atlas Air Worldwide in a research report on Tuesday, September 4th. They set a “buy” rating and a $76.00 price objective for the company. BidaskClub lowered Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 8th. Finally, Susquehanna Bancshares set a $77.00 price objective on Atlas Air Worldwide and gave the company a “buy” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. Atlas Air Worldwide has an average rating of “Buy” and a consensus target price of $78.67.

In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $70.25, for a total transaction of $351,250.00. Following the completion of the transaction, the chief executive officer now owns 116,958 shares in the company, valued at approximately $8,216,299.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 15,000 shares of company stock valued at $1,040,250 in the last 90 days. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its position in Atlas Air Worldwide by 2.9% during the 2nd quarter. Northern Trust Corp now owns 306,524 shares of the transportation company’s stock worth $21,978,000 after acquiring an additional 8,557 shares during the period. Verition Fund Management LLC boosted its position in Atlas Air Worldwide by 5.3% during the 2nd quarter. Verition Fund Management LLC now owns 22,034 shares of the transportation company’s stock worth $1,580,000 after acquiring an additional 1,103 shares during the period. Arrowgrass Capital Partners US LP boosted its position in Atlas Air Worldwide by 17.2% during the 2nd quarter. Arrowgrass Capital Partners US LP now owns 94,345 shares of the transportation company’s stock worth $6,765,000 after acquiring an additional 13,862 shares during the period. Paloma Partners Management Co acquired a new position in Atlas Air Worldwide during the 2nd quarter worth $238,000. Finally, Raymond James & Associates boosted its position in Atlas Air Worldwide by 33.6% during the 2nd quarter. Raymond James & Associates now owns 19,050 shares of the transportation company’s stock worth $1,366,000 after acquiring an additional 4,794 shares during the period.

NASDAQ:AAWW traded down $0.20 during midday trading on Tuesday, reaching $63.35. 231,200 shares of the company traded hands, compared to its average volume of 257,617. Atlas Air Worldwide has a twelve month low of $50.65 and a twelve month high of $75.29. The firm has a market capitalization of $1.63 billion, a P/E ratio of 12.85 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.72.

Atlas Air Worldwide Company Profile

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

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