Market Overview

Morgan Stanley Feels Uncertainty About Atlas Air Worldwide

Related AAWW
Will Atlas Air Worldwide (AAWW) Crush Estimates at Its Next Earnings Report? - Tale of the Tape
FBR Capital Upgrades Atlas Air Worldwide To Outperform

In a report published Thursday, Morgan Stanley analyst John D. Godyn reiterated an Underweight rating on Atlas Air Worldwide (NASDAQ: AAWW).

In the report, Morgan Stanley noted, “AAWW reported a 4Q13 EPS beat of $1.66 vs. consensus of $1.43. However, mgmt's 2014 outlook called for several percentage points of YoY decline in total block hours and a $0.70 EPS headwind as a result of reduced military activities. Assuming flattish YoY cargo trends, commentary suggests ~$3.10 EPS in 2014. This is well below consensus of $3.85 as well as our own $3.50, which we revised recently along with our downgrade earlier this week. Mgmt's outlook also assumes that the three 747-8s which were returned by British Airways recently would be re-leased; but, the timing, customers, and economics of the new leases are unclear.”

Atlas Air Worldwide closed on Wednesday at $31.43.

Latest Ratings for AAWW

DateFirmActionFromTo
Sep 2014FBR CapitalUpgradesMarket PerformOutperform
May 2014Imperial CapitalMaintainsIn-line
May 2014FBR CapitalMaintainsMarket Perform

View More Analyst Ratings for AAWW
View the Latest Analyst Ratings

Posted-In: John D. Godyn Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAWW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters