Atlas Air Worldwide Holdings (NASDAQ:AAWW) – Research analysts at Imperial Capital lifted their FY2018 earnings estimates for shares of Atlas Air Worldwide Holdings in a research report issued to clients and investors on Thursday. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $5.50 per share for the year, up from their previous forecast of $5.10. Imperial Capital currently has a “Outperform” rating on the stock.

AAWW has been the subject of several other research reports. Zacks Investment Research cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BidaskClub cut Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 price target (up previously from $60.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 3rd. Finally, Stifel Nicolaus cut Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 price target for the company. in a report on Thursday, April 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $68.40.

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Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 1.37% during mid-day trading on Monday, reaching $64.75. The company had a trading volume of 245,259 shares. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.67 and a beta of 1.45. The stock has a 50 day moving average of $55.25 and a 200-day moving average of $53.77. Atlas Air Worldwide Holdings has a 52 week low of $34.22 and a 52 week high of $65.55.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.24. The company had revenue of $517.37 million for the quarter, compared to the consensus estimate of $500.44 million. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Atlas Air Worldwide Holdings during the first quarter valued at $107,000. State of Alaska Department of Revenue raised its position in shares of Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock valued at $153,000 after buying an additional 80 shares during the last quarter. KCG Holdings Inc. raised its position in shares of Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after buying an additional 849 shares during the last quarter. US Bancorp DE raised its position in shares of Atlas Air Worldwide Holdings by 3.7% in the second quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock valued at $289,000 after buying an additional 197 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock valued at $317,000 after buying an additional 70 shares during the last quarter. Institutional investors own 96.32% of the company’s stock.

In related news, CEO William J. Flynn sold 5,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $55.10, for a total value of $275,500.00. Following the completion of the transaction, the chief executive officer now directly owns 211,958 shares in the company, valued at $11,678,885.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,000 shares of company stock valued at $1,404,200 over the last quarter. 2.50% of the stock is currently owned by company insiders.

About Atlas Air Worldwide Holdings

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

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

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