Imperial Capital Weighs in on Atlas Air Worldwide Holdings, Inc.’s FY2018 Earnings (AAWW)

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) – Equities researchers at Imperial Capital lifted their FY2018 earnings estimates for Atlas Air Worldwide in a report released on Tuesday, November 6th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $7.15 for the year, up from their previous forecast of $6.85. Imperial Capital has a “Outperform” rating and a $74.00 price objective on the stock. Imperial Capital also issued estimates for Atlas Air Worldwide’s Q1 2019 earnings at $0.86 EPS, Q3 2019 earnings at $1.46 EPS and Q4 2019 earnings at $3.66 EPS.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.18. The company had revenue of $656.61 million during the quarter, compared to analyst estimates of $664.70 million. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share.

AAWW has been the subject of several other research reports. ValuEngine lowered Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday. BidaskClub raised Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Wolfe Research lowered Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Finally, TheStreet lowered Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Three investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.67.

NASDAQ:AAWW opened at $56.17 on Wednesday. The firm has a market cap of $1.41 billion, a P/E ratio of 11.39 and a beta of 1.52. Atlas Air Worldwide has a 52-week low of $48.19 and a 52-week high of $75.29. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.73 and a quick ratio of 0.73.

Hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc bought a new stake in Atlas Air Worldwide during the second quarter worth about $221,000. Janney Montgomery Scott LLC bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at about $233,000. Paloma Partners Management Co bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at about $238,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at about $344,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at about $388,000.

About Atlas Air Worldwide

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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Earnings History and Estimates for Atlas Air Worldwide (NASDAQ:AAWW)

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