Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) – Investment analysts at Imperial Capital reduced their Q2 2019 earnings per share (EPS) estimates for shares of Atlas Air Worldwide in a report released on Tuesday, November 6th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $1.38 per share for the quarter, down from their prior forecast of $1.87. Imperial Capital has a “Outperform” rating and a $74.00 price objective on the stock. Imperial Capital also issued estimates for Atlas Air Worldwide’s FY2019 earnings at $7.40 EPS.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank initiated coverage on shares of Atlas Air Worldwide in a research note on Tuesday, September 4th. They issued a “buy” rating and a $76.00 target price on the stock. Susquehanna Bancshares set a $77.00 target price on shares of Atlas Air Worldwide and gave the company a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday. TheStreet lowered shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Finally, ValuEngine lowered shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Three research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $72.67.

Shares of Atlas Air Worldwide stock opened at $54.44 on Thursday. The stock has a market capitalization of $1.46 billion, a PE ratio of 11.04 and a beta of 1.52. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.23. Atlas Air Worldwide has a 1 year low of $48.19 and a 1 year high of $75.29.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. The business had revenue of $656.61 million for the quarter, compared to analyst estimates of $664.70 million. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signia Capital Management LLC raised its stake in Atlas Air Worldwide by 55.1% during the third quarter. Signia Capital Management LLC now owns 120,738 shares of the transportation company’s stock worth $7,697,000 after acquiring an additional 42,895 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Atlas Air Worldwide during the third quarter worth about $2,792,000. CIBC World Markets Inc. raised its stake in Atlas Air Worldwide by 3.1% during the third quarter. CIBC World Markets Inc. now owns 52,082 shares of the transportation company’s stock worth $3,320,000 after acquiring an additional 1,585 shares during the period. Wesbanco Bank Inc. raised its stake in Atlas Air Worldwide by 37.5% during the third quarter. Wesbanco Bank Inc. now owns 50,757 shares of the transportation company’s stock worth $3,236,000 after acquiring an additional 13,831 shares during the period. Finally, Heartland Advisors Inc. raised its stake in Atlas Air Worldwide by 33.3% during the third quarter. Heartland Advisors Inc. now owns 100,000 shares of the transportation company’s stock worth $6,375,000 after acquiring an additional 25,000 shares during the period.

About Atlas Air Worldwide

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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