Brokerages expect Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW – Get Rating) to post sales of $1.00 billion for the current quarter, Zacks reports. Two analysts have made estimates for Atlas Air Worldwide’s earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $1.00 billion. Atlas Air Worldwide reported sales of $861.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 16.1%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Atlas Air Worldwide will report full year sales of $4.01 billion for the current financial year, with estimates ranging from $3.94 billion to $4.08 billion. For the next year, analysts anticipate that the firm will post sales of $3.92 billion, with estimates ranging from $3.84 billion to $4.00 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Atlas Air Worldwide.
Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last issued its quarterly earnings results on Thursday, February 17th. The transportation company reported $7.05 EPS for the quarter, beating analysts’ consensus estimates of $6.11 by $0.94. Atlas Air Worldwide had a return on equity of 21.37% and a net margin of 12.24%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $4.83 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year.
Shares of NASDAQ AAWW opened at $71.04 on Wednesday. The stock’s 50-day simple moving average is $79.04 and its two-hundred day simple moving average is $83.06. Atlas Air Worldwide has a twelve month low of $62.13 and a twelve month high of $97.13. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.06 billion, a P/E ratio of 4.43 and a beta of 1.17.
Atlas Air Worldwide announced that its Board of Directors has approved a stock repurchase program on Thursday, February 17th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, EVP Adam Richard Kokas sold 9,975 shares of the business’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $88.45, for a total value of $882,288.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of AAWW. AE Wealth Management LLC purchased a new stake in Atlas Air Worldwide during the first quarter valued at approximately $586,000. Coastal Investment Advisors Inc. grew its position in Atlas Air Worldwide by 5.3% during the first quarter. Coastal Investment Advisors Inc. now owns 3,300 shares of the transportation company’s stock valued at $285,000 after buying an additional 165 shares during the period. Nordea Investment Management AB grew its position in Atlas Air Worldwide by 1.3% during the first quarter. Nordea Investment Management AB now owns 85,724 shares of the transportation company’s stock valued at $7,612,000 after buying an additional 1,065 shares during the period. Everence Capital Management Inc. grew its position in Atlas Air Worldwide by 27.5% during the first quarter. Everence Capital Management Inc. now owns 7,090 shares of the transportation company’s stock valued at $612,000 after buying an additional 1,530 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in Atlas Air Worldwide during the first quarter valued at $16,505,000.
About Atlas Air Worldwide (Get Rating)
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations 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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