AAWW has been the topic of a number of other reports. TheStreet downgraded Atlas Air Worldwide from a b- rating to a c+ rating in a research note on Monday, October 29th. Wolfe Research downgraded Atlas Air Worldwide from a peer perform rating to an underperform rating in a research note on Friday, October 5th. BidaskClub raised Atlas Air Worldwide from a strong sell rating to a sell rating in a research note on Saturday, November 3rd. Imperial Capital dropped their price target on Atlas Air Worldwide from $91.00 to $74.00 and set an outperform rating on the stock in a research note on Tuesday. They noted that the move was a valuation call. Finally, ValuEngine downgraded Atlas Air Worldwide from a hold rating to a sell rating in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $72.67.
Shares of NASDAQ:AAWW traded down $1.73 during midday trading on Wednesday, reaching $54.44. The company’s stock had a trading volume of 190,793 shares, compared to its average volume of 341,092. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.04 and a beta of 1.52. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.73 and a quick ratio of 0.73. Atlas Air Worldwide has a fifty-two week low of $48.19 and a fifty-two week high of $75.29.
Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data 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. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $664.70 million. During the same period in the previous year, the business earned $1.08 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. Analysts anticipate that Atlas Air Worldwide will post 7.01 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Signia Capital Management LLC increased its holdings in Atlas Air Worldwide by 55.1% during the 3rd quarter. Signia Capital Management LLC now owns 120,738 shares of the transportation company’s stock worth $7,697,000 after purchasing an additional 42,895 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Atlas Air Worldwide during the 3rd quarter worth approximately $2,792,000. CIBC World Markets Inc. increased its holdings in Atlas Air Worldwide by 3.1% during the 3rd quarter. CIBC World Markets Inc. now owns 52,082 shares of the transportation company’s stock worth $3,320,000 after purchasing an additional 1,585 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in Atlas Air Worldwide by 37.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 50,757 shares of the transportation company’s stock worth $3,236,000 after purchasing an additional 13,831 shares in the last quarter. Finally, Heartland Advisors Inc. increased its holdings in Atlas Air Worldwide by 33.3% during the 3rd quarter. Heartland Advisors Inc. now owns 100,000 shares of the transportation company’s stock worth $6,375,000 after purchasing an additional 25,000 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 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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