Long Position on AAWW @ $86.50 on 12/20/2021 (Fundamentals)

Atlas Air Worldwide Holdings, Inc. (AAWW), through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, 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.

It also provides cargo and passenger aircraft charter services to the U.S. Military Air Mobility Command, charter brokers, freight forwarders, direct shippers, airlines, sports teams and fans, and private charter customers; and cargo and passenger aircraft and engines dry leasing services. In addition, the company offers administrative and management support services, and flight simulator training services. It also serves express delivery providers, e-commerce retailers, and airlines.

The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America, and South America. Atlas Air Worldwide Holdings, Inc. was founded in 1992 and is headquartered in Purchase, New York.

Atlas Air Worldwide reported 3rd Quarter September 2021 earnings of $5.08 per share on revenue of $1.0 billion. The consensus earnings estimate was $4.32 per share on revenue of $999.5 million. Revenue grew 25.5% on a year-over-year basis.

The company said it expects fourth quarter revenue of approximately $1.10 billion. The current consensus revenue estimate is $1.04 billion for the quarter ending December 31, 2021.

With a high net income ratio, this stock should see shares increase as the company has been able to manage its cargo charter services and is evidenced by a 13.2% profit margin year to date.

Entry Point: $86.50

Stop Loss: $82.25

Trading Range: $50.22 - $95.00

Target Price: $95.00

Position closed on 12/28/2021 at price of $93.30 with a 7.86% gain in 8 days.

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