Atlas Air Worldwide Holdings (AAWW) Releases Earnings Results, Misses Expectations By $-0.13 EPS

Atlas Air Worldwide Holdings (AAWW) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.80 earnings per share for the quarter, missing the analyst consensus estimate by $-0.13. Analysts had a consensus of $0.93. The company posted revenue of $443.27 million in the period, compared to analysts expectations of $477.52 million. The company’s revenue was down -2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.

Many Wall Street Analysts have commented on Atlas Air Worldwide Holdings. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 49 from a previous price target of $41 .Company shares were Reiterated by Cowen on May 6, 2016 to “Market Perform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

Atlas Air Worldwide Holdings closed down -2.46 points or -5.65% at $41.1 with 3,40,676 shares getting traded on Tusday. Post opening the session at $43.37, the shares hit an intraday low of $40.94 and an intraday high of $43.95 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 7, 2016, William J Flynn (President & CEO) sold 10,000 shares at $45.01 per share price. According to the SEC, on May 27, 2016, Keith H. Mayer (Vice President & Controller) sold 2,000 shares at $44.23 per share price. On May 27, 2016, Adam Richard Kokas (EVP, GC & Secty.) sold 1,858 shares at $44.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Atlas Air Worldwide Holdings Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary Atlas Air Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services operating a fleet of around 747 freighters as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI Charter and Dry Leasing. The ACMI segment provides aircraft crew maintenance and insurance services to customers. Also included in the ACMI segment is CMI which provides crew maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers including the air mobility command (AMC) brokers freight forwarders direct shippers airlines sports teams and fans and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers and operates through Titan a cargo aircraft dry lessor.

Atlas Air Worldwide Holdings

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