Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) – Investment analysts at Imperial Capital reduced their Q3 2019 EPS estimates for shares of Atlas Air Worldwide in a research report issued to clients and investors on Friday, May 3rd, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings of $1.91 per share for the quarter, down from their prior forecast of $2.00. Imperial Capital currently has a “Outperform” rating and a $65.00 target price on the stock. Imperial Capital also issued estimates for Atlas Air Worldwide’s FY2019 earnings at $7.50 EPS and FY2020 earnings at $7.60 EPS.
Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.12. The business had revenue of $679.70 million during the quarter, compared to the consensus estimate of $679.72 million. Atlas Air Worldwide had a return on equity of 10.76% and a net margin of 8.36%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS.
AAWW opened at $40.48 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.57 and a beta of 1.77. Atlas Air Worldwide has a 12 month low of $35.59 and a 12 month high of $75.29.
Several large investors have recently modified their holdings of AAWW. Canada Pension Plan Investment Board grew its holdings in shares of Atlas Air Worldwide by 406.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 222,000 shares of the transportation company’s stock worth $9,365,000 after purchasing an additional 178,200 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Atlas Air Worldwide by 15.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,100,000 shares of the transportation company’s stock worth $46,409,000 after purchasing an additional 150,000 shares during the period. Monarch Partners Asset Management LLC grew its holdings in shares of Atlas Air Worldwide by 256.5% during the 4th quarter. Monarch Partners Asset Management LLC now owns 132,131 shares of the transportation company’s stock worth $5,575,000 after purchasing an additional 95,072 shares during the period. Phocas Financial Corp. lifted its position in Atlas Air Worldwide by 36.3% during the 1st quarter. Phocas Financial Corp. now owns 222,218 shares of the transportation company’s stock worth $11,235,000 after acquiring an additional 59,240 shares in the last quarter. Finally, LSV Asset Management lifted its position in Atlas Air Worldwide by 5.3% during the 1st quarter. LSV Asset Management now owns 1,147,506 shares of the transportation company’s stock worth $58,017,000 after acquiring an additional 58,000 shares in the last quarter.
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.
See Also: Gross Domestic Product (GDP)
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