Atlas Air Worldwide (NASDAQ:AAWW) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) issued its quarterly earnings data on Thursday. The transportation company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.06, Briefing.com reports. Atlas Air Worldwide had a return on equity of 19.88% and a net margin of 10.60%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $4.10 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year.

Atlas Air Worldwide Stock Down 0.1 %

Shares of NASDAQ AAWW opened at $99.65 on Friday. Atlas Air Worldwide has a 52-week low of $58.70 and a 52-week high of $99.90. The firm has a fifty day moving average of $68.38 and a 200-day moving average of $73.35. The stock has a market capitalization of $2.81 billion, a PE ratio of 6.88 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Insider Activity

In other news, CEO John W. Dietrich sold 39,463 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $84.13, for a total transaction of $3,320,022.19. Following the completion of the sale, the chief executive officer now directly owns 64,989 shares of the company’s stock, valued at approximately $5,467,524.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Atlas Air Worldwide

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Atlas Air Worldwide by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,273 shares of the transportation company’s stock worth $2,010,000 after purchasing an additional 2,869 shares during the period. Quantedge Capital Pte Ltd boosted its position in Atlas Air Worldwide by 559.3% during the 1st quarter. Quantedge Capital Pte Ltd now owns 17,800 shares of the transportation company’s stock worth $1,537,000 after purchasing an additional 15,100 shares during the period. MetLife Investment Management LLC boosted its position in Atlas Air Worldwide by 52.7% during the 1st quarter. MetLife Investment Management LLC now owns 15,512 shares of the transportation company’s stock worth $1,340,000 after purchasing an additional 5,351 shares during the period. Quantbot Technologies LP purchased a new stake in Atlas Air Worldwide during the 1st quarter worth $924,000. Finally, PDT Partners LLC boosted its position in Atlas Air Worldwide by 299.6% during the 1st quarter. PDT Partners LLC now owns 10,309 shares of the transportation company’s stock worth $890,000 after purchasing an additional 7,729 shares during the period.

Analyst Upgrades and Downgrades

AAWW has been the subject of several analyst reports. Susquehanna Bancshares downgraded Atlas Air Worldwide to a “neutral” rating and boosted their price target for the company from $95.00 to $102.50 in a report on Friday. StockNews.com downgraded Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Stifel Nicolaus reiterated a “downgrade” rating on shares of Atlas Air Worldwide in a report on Wednesday. Susquehanna downgraded Atlas Air Worldwide from a “positive” rating to a “neutral” rating in a report on Friday. Finally, Wolfe Research upgraded Atlas Air Worldwide from an “underperform” rating to a “market perform” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Atlas Air Worldwide has a consensus rating of “Hold” and a consensus target price of $87.75.

About Atlas Air Worldwide

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Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations 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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