Atlas Air Worldwide Holdings (NASDAQ:AAWW) – Investment analysts at Seaport Global Securities dropped their Q3 2017 earnings estimates for shares of Atlas Air Worldwide Holdings in a report released on Thursday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will earn $1.12 per share for the quarter, down from their prior forecast of $1.30. Seaport Global Securities also issued estimates for Atlas Air Worldwide Holdings’ FY2017 earnings at $4.61 EPS, Q4 2018 earnings at $2.27 EPS and FY2018 earnings at $5.10 EPS.

AAWW has been the topic of several other research reports. Zacks Investment Research cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Imperial Capital reiterated an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, May 19th. BidaskClub cut Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $70.00 price target (up previously from $60.00) on shares of Atlas Air Worldwide Holdings in a research note 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 on the stock. in a research note on Thursday, April 27th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $68.40.

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Atlas Air Worldwide Holdings (NASDAQ AAWW) traded down 0.41% during midday trading on Friday, reaching $61.35. The company’s stock had a trading volume of 21,375 shares. The company has a market capitalization of $1.55 billion, a P/E ratio of 26.22 and a beta of 1.45. The company has a 50 day moving average of $57.74 and a 200-day moving average of $54.39. Atlas Air Worldwide Holdings has a 1-year low of $34.22 and a 1-year high of $67.75.

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

Several institutional investors have recently bought and sold shares of AAWW. Karp Capital Management Corp bought a new position in Atlas Air Worldwide Holdings during the first quarter valued at approximately $832,000. Teza Capital Management LLC bought a new position in Atlas Air Worldwide Holdings during the first quarter valued at approximately $406,000. Comerica Bank raised its position in Atlas Air Worldwide Holdings by 2.8% in the first quarter. Comerica Bank now owns 40,931 shares of the transportation company’s stock valued at $2,448,000 after buying an additional 1,105 shares during the period. American Century Companies Inc. raised its position in Atlas Air Worldwide Holdings by 13.5% in the first quarter. American Century Companies Inc. now owns 10,624 shares of the transportation company’s stock valued at $589,000 after buying an additional 1,264 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in Atlas Air Worldwide Holdings by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,044 shares of the transportation company’s stock valued at $723,000 after buying an additional 1,554 shares during the period. 96.32% of the stock is owned by institutional investors.

In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $55.10, for a total transaction of $275,500.00. Following the sale, the chief executive officer now owns 211,958 shares in the company, valued at $11,678,885.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 25,000 shares of company stock worth $1,404,200 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Atlas Air Worldwide Holdings Company Profile

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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