Eye Catching Stock News: Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW)

Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) changed 1.66% to recent value of $42.32. The stock transacted 162558 shares during most recent day however it has an average volume of 284.22K shares. It spotted trading -42.15% off 52-week high price. On the other end, the stock has been noted 20.78% away from the low price over the last 52-weeks.

Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) announced that President and Chief Executive Officer William J. (Bill) Flynn will retire from the company effective January 1, 2020, after a successful 13-year tenure, and become Chairman of the Board on that date.

The board has appointed John W. Dietrich, current Executive Vice President and Chief Operating Officer, as Mr. Flynn’s successor. Mr. Dietrich will become President and Chief Operating Officer effective immediately, and he will retain the role as President when he assumes the role of Chief Executive Officer on January 1, 2020.

Additionally, Robert F. Agnew, current Chairman of the Board, will become the Board’s Lead Independent Director, effective January 1, 2020.

The transitions and appointments are the culmination of a comprehensive succession process led by the board to ensure strong leadership continuity as the company continues to advance its strategic growth agenda. Continuing to serve on the Senior Leadership Team are Michael Steen, Executive Vice President and Chief Commercial Officer, and President and Chief Executive Officer of Titan Aviation Holdings, Inc.; Spencer Schwartz, Executive Vice President and Chief Financial Officer; Adam Kokas, Executive Vice President, General Counsel and Secretary; and Patricia Goodwin-Peters, Senior Vice President, Human Resources.

 AAWW has a gross margin of 52.80% and an operating margin of 13.50% while its profit margin remained 8.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 162.30% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

 The company has 25.74M of outstanding shares and 25.32M shares were floated in the market. According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.38% from the mean of 20 days, 1.32% from mean of 50 days SMA and performed -13.96% from mean of 200 days price. Company’s performance for the week was -2.94%, 9.58% for month and YTD performance remained 0.31%.

Leave a Reply

Your email address will not be published. Required fields are marked *