Atlas Air Worldwide (NASDAQ:AAWW) released its earnings results on Wednesday, May 1st. The transportation company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.12, MarketWatch Earnings reports. The firm had revenue of $679.70 million during the quarter, compared to analyst estimates of $679.72 million. Atlas Air Worldwide had a net margin of 8.36% and a return on equity of 10.76%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS.
NASDAQ AAWW opened at $39.90 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $1.07 billion, a P/E ratio of 5.49 and a beta of 1.77. Atlas Air Worldwide has a twelve month low of $35.59 and a twelve month high of $75.29.
Institutional investors have recently modified their holdings of the business. Group One Trading L.P. grew its stake in Atlas Air Worldwide by 122.4% during the fourth quarter. Group One Trading L.P. now owns 583 shares of the transportation company’s stock worth $25,000 after buying an additional 3,183 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Atlas Air Worldwide during the fourth quarter worth about $38,000. NumerixS Investment Technologies Inc bought a new stake in Atlas Air Worldwide during the first quarter worth about $68,000. C M Bidwell & Associates Ltd. bought a new stake in Atlas Air Worldwide during the first quarter worth about $79,000. Finally, Flinton Capital Management LLC grew its stake in Atlas Air Worldwide by 26.6% during the fourth quarter. Flinton Capital Management LLC now owns 3,120 shares of the transportation company’s stock worth $132,000 after buying an additional 656 shares during the last quarter.
TRADEMARK VIOLATION WARNING: This report was posted by Mayfield Recorder and is the property of of Mayfield Recorder. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://mayfieldrecorder.com/2019/05/18/atlas-air-worldwide-aaww-releases-earnings-results-beats-estimates-by-0-12-eps.html.
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.
Featured Article: What is an overbought condition?
Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.