Atlas Air Worldwide (AAWW) Set to Announce Quarterly Earnings on Wednesday


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Atlas Air Worldwide (NASDAQ:AAWW) will be announcing its earnings results before the market opens on Wednesday, May 5th. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Wednesday, February 17th. The transportation company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $1.33. The firm had revenue of $932.48 million for the quarter, compared to the consensus estimate of $888.50 million. Atlas Air Worldwide had a negative net margin of 7.73% and a positive return on equity of 17.64%. During the same quarter in the prior year, the firm posted $3.80 earnings per share. On average, analysts expect Atlas Air Worldwide to post $12 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of NASDAQ AAWW opened at $70.53 on Tuesday. The firm’s 50 day moving average price is $62.96 and its 200-day moving average price is $57.93. The company has a market cap of $2.05 billion, a PE ratio of -7.69 and a beta of 1.34. Atlas Air Worldwide has a 52-week low of $30.53 and a 52-week high of $70.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00.

A number of research analysts recently weighed in on the stock. Susquehanna Bancshares lowered their price objective on shares of Atlas Air Worldwide from $87.00 to $80.00 and set a “positive” rating on the stock in a research report on Wednesday, February 17th. Truist assumed coverage on shares of Atlas Air Worldwide in a research report on Friday, April 16th. They set a “buy” rating and a $95.00 price objective on the stock. Truist Securities assumed coverage on shares of Atlas Air Worldwide in a research report on Thursday, April 22nd. They set a “buy” rating and a $95.00 price objective on the stock. Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, April 21st. Finally, TheStreet upgraded shares of Atlas Air Worldwide from a “c+” rating to a “b-” rating in a research report on Thursday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $74.29.

In other news, CEO John W. Dietrich sold 19,597 shares of the stock in a transaction on Friday, February 19th. The shares were sold at an average price of $62.00, for a total value of $1,215,014.00. Following the completion of the sale, the chief executive officer now directly owns 57,541 shares of the company’s stock, valued at $3,567,542. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam Richard Kokas sold 6,120 shares of the stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $62.50, for a total transaction of $382,500.00. Following the completion of the sale, the executive vice president now directly owns 36,679 shares of the company’s stock, valued at $2,292,437.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,042 shares of company stock valued at $6,169,454. 2.40% of the stock is owned by corporate insiders.

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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