Q2 2019 EPS Estimates for Atlas Air Worldwide Holdings, Inc. Reduced by Imperial Capital (AAWW)

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) – Equities researchers at Imperial Capital cut their Q2 2019 earnings estimates for Atlas Air Worldwide in a research note issued to investors on Tuesday, November 6th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $1.38 per share for the quarter, down from their prior estimate of $1.87. Imperial Capital has a “Outperform” rating and a $74.00 price target on the stock. Imperial Capital also issued estimates for Atlas Air Worldwide’s FY2019 earnings at $7.40 EPS.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.18. The firm had revenue of $656.61 million during the quarter, compared to analysts’ expectations 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 revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share.

Several other equities analysts have also recently weighed in on AAWW. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday. BidaskClub cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. ValuEngine upgraded Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a report on Wednesday. Susquehanna Bancshares set a $77.00 price target on Atlas Air Worldwide and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Deutsche Bank set a $66.00 price target on Atlas Air Worldwide and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. Atlas Air Worldwide presently has a consensus rating of “Hold” and an average target price of $72.67.

NASDAQ AAWW opened at $54.44 on Thursday. The company has a market cap 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 1-year low of $48.19 and a 1-year high of $75.29.

Several institutional investors have recently made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of Atlas Air Worldwide by 7.7% in the 3rd quarter. LSV Asset Management now owns 1,041,783 shares of the transportation company’s stock worth $66,413,000 after purchasing an additional 74,900 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Atlas Air Worldwide by 5.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 950,000 shares of the transportation company’s stock worth $60,563,000 after purchasing an additional 50,000 shares during the period. Towle & Co. boosted its holdings in shares of Atlas Air Worldwide by 9.5% in the 2nd quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock worth $59,632,000 after purchasing an additional 72,320 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Atlas Air Worldwide in the 2nd quarter worth approximately $27,059,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Atlas Air Worldwide by 33.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock worth $23,552,000 after purchasing an additional 93,254 shares during the period.

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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