Atlas Air Worldwide (NASDAQ:AAWW) Now Covered by StockNews.com

Posted by on May 5th, 2023

Analysts at StockNews.com assumed coverage on shares of Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) in a report issued on Friday. The brokerage set a “hold” rating on the transportation company’s stock.

Atlas Air Worldwide Stock Performance

AAWW opened at $102.48 on Friday. The stock has a market cap of $2.93 billion, a P/E ratio of 9.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $101.90 and its 200 day simple moving average is $101.38. Atlas Air Worldwide has a 1-year low of $58.70 and a 1-year high of $102.50.

Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last announced its earnings results on Thursday, February 23rd. The transportation company reported $5.17 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.07. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Atlas Air Worldwide had a return on equity of 14.39% and a net margin of 7.82%. Atlas Air Worldwide’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.05 EPS. As a group, equities analysts anticipate that Atlas Air Worldwide will post 13.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlas Air Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Atlas Air Worldwide by 1.7% during the first quarter. Vanguard Group Inc. now owns 3,088,488 shares of the transportation company’s stock valued at $266,752,000 after buying an additional 51,165 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Atlas Air Worldwide by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,013,835 shares of the transportation company’s stock worth $173,938,000 after buying an additional 57,949 shares during the last quarter. State Street Corp grew its stake in Atlas Air Worldwide by 2.4% during the first quarter. State Street Corp now owns 1,221,569 shares of the transportation company’s stock worth $105,507,000 after buying an additional 28,414 shares during the last quarter. Pentwater Capital Management LP bought a new stake in Atlas Air Worldwide during the third quarter worth about $114,684,000. Finally, Balyasny Asset Management LLC bought a new stake in Atlas Air Worldwide during the third quarter worth about $111,638,000.

Atlas Air Worldwide Company Profile

(Get Rating)

Atlas Air Worldwide Holdings, Inc engages in the provision of outsourced aircraft and aviation operating services. It operates through the Airline Operations and Dry Leasing segments. The Airline Operations segment provides outsourced aircraft operating services to customers, including express delivery providers, e-commerce retailers, the U.S.

Further Reading

Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.