Analysts Anticipate Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Will Post Quarterly Sales of $946.90 Million

Analysts expect that Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) will announce $946.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Atlas Air Worldwide’s earnings, with estimates ranging from $943.80 million to $950.00 million. Atlas Air Worldwide posted sales of $825.25 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The business is expected to announce its next quarterly earnings results on Thursday, August 5th.

On average, analysts expect that Atlas Air Worldwide will report full-year sales of $3.77 billion for the current financial year, with estimates ranging from $3.76 billion to $3.78 billion. For the next financial year, analysts anticipate that the company will post sales of $3.65 billion, with estimates ranging from $3.64 billion to $3.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Atlas Air Worldwide.

Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Tuesday, May 4th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.65. Atlas Air Worldwide had a return on equity of 19.62% and a net margin of 12.45%. The firm had revenue of $861.30 million for the quarter, compared to the consensus estimate of $819.70 million. During the same quarter last year, the business posted $1.15 EPS. The company’s revenue for the quarter was up 33.8% on a year-over-year basis.

A number of research firms recently issued reports on AAWW. Zacks Investment Research downgraded Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, July 7th. Stifel Nicolaus began coverage on Atlas Air Worldwide in a research report on Monday, June 21st. They issued a “buy” rating on the stock. TheStreet raised Atlas Air Worldwide from a “c+” rating to a “b-” rating in a research report on Thursday, April 22nd. Truist Securities began coverage on Atlas Air Worldwide in a research report on Friday, April 16th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Truist began coverage on Atlas Air Worldwide in a research report on Friday, April 16th. They issued a “buy” rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $81.33.

Shares of AAWW traded down $0.78 during midday trading on Friday, hitting $64.70. The stock had a trading volume of 8,508 shares, compared to its average volume of 361,288. The firm has a 50 day moving average of $70.69. Atlas Air Worldwide has a twelve month low of $47.50 and a twelve month high of $76.22. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.31 and a beta of 1.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84.

In other news, EVP Adam Richard Kokas sold 1,187 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $70.12, for a total value of $83,232.44. Following the transaction, the executive vice president now owns 40,840 shares of the company’s stock, valued at $2,863,700.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Dietrich sold 25,000 shares of Atlas Air Worldwide stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $70.29, for a total value of $1,757,250.00. Following the sale, the chief executive officer now directly owns 94,287 shares of the company’s stock, valued at $6,627,433.23. The disclosure for this sale can be found here. Insiders have sold 34,725 shares of company stock valued at $2,438,740 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of AAWW. First Trust Advisors LP increased its position in Atlas Air Worldwide by 20.0% during the 1st quarter. First Trust Advisors LP now owns 50,577 shares of the transportation company’s stock worth $2,557,000 after buying an additional 8,427 shares during the period. Rhumbline Advisers increased its position in Atlas Air Worldwide by 13.2% during the 4th quarter. Rhumbline Advisers now owns 87,169 shares of the transportation company’s stock worth $4,754,000 after buying an additional 10,137 shares during the period. Public Sector Pension Investment Board increased its position in Atlas Air Worldwide by 5.4% during the 4th quarter. Public Sector Pension Investment Board now owns 68,505 shares of the transportation company’s stock worth $3,736,000 after buying an additional 3,496 shares during the period. The Manufacturers Life Insurance Company increased its position in Atlas Air Worldwide by 4.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 15,285 shares of the transportation company’s stock worth $834,000 after buying an additional 587 shares during the period. Finally, Federated Hermes Inc. increased its position in Atlas Air Worldwide by 10.1% during the 4th quarter. Federated Hermes Inc. now owns 280,784 shares of the transportation company’s stock worth $15,314,000 after buying an additional 25,758 shares during the period.

Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, 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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