Atlas Air Worldwide (NASDAQ:AAWW) Announces Earnings Results

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.

AAWW has been the subject of a number of research analyst reports. Imperial Capital reaffirmed an “outperform” rating and set a $65.00 price objective (down previously from $79.00) on shares of Atlas Air Worldwide in a research report on Friday, May 3rd. They noted that the move was a valuation call. BidaskClub lowered shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Cowen reaffirmed an “outperform” rating and set a $68.00 price objective (down previously from $70.00) on shares of Atlas Air Worldwide in a research report on Thursday, May 2nd. Zacks Investment Research cut shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine cut shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $67.67.

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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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Earnings History for Atlas Air Worldwide (NASDAQ:AAWW)

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