Dahlman Rose Downgrades Atlas Air Worldwide (AAWW) to Hold; Earnings Miss & Guides Lower

Dahlman Rose downgraded Atlas Air Worldwide (NASDAQ: AAWW) from Buy to Hold.

Analyst, Helane Becker, said, "Atlas Air Worldwide Holdings reported 4Q11 EPS below our and the consensus estimate. We had expected an EPS miss, but not of the magnitude reported. The outlook for 2012 was also below expectations, even with the highly profitable B747-8F aircraft...As the company is currently trading at 8.8x our 2012 estimate, we believe the shares are fully valued. Management expects 2012 EPS of + $5.10, in line with our current estimate of $5.10 (down from $6.00) and below the consensus estimate of $5.62."

For an analyst ratings summary and ratings history on Atlas Air Worldwide click here. For more ratings news on Atlas Air Worldwide click here.

Shares of Atlas Air Worldwide closed at $45.05 yesterday.

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