Air Lease (NYSE:AL) is scheduled to announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $1.33 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, May 9th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.01. Air Lease had a return on equity of 11.45% and a net margin of 30.50%. The firm had revenue of $466.00 million for the quarter, compared to analyst estimates of $456.91 million. During the same quarter in the previous year, the company posted $1.38 EPS. The business’s revenue was up 22.2% on a year-over-year basis. On average, analysts expect Air Lease to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NYSE AL opened at $38.86 on Wednesday. The company has a 50-day moving average of $40.95. Air Lease has a 12 month low of $28.13 and a 12 month high of $47.34. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.13 and a beta of 1.95. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.81 and a quick ratio of 0.81.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.34%. Air Lease’s dividend payout ratio (DPR) is presently 11.30%.
AL has been the topic of a number of analyst reports. Zacks Investment Research lowered Air Lease from a “hold” rating to a “sell” rating and set a $43.00 price target on the stock. in a research report on Friday, August 2nd. ValuEngine lowered Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Air Lease has a consensus rating of “Buy” and an average target price of $55.78.
In other news, EVP Marc H. Baer sold 130,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $36.80, for a total value of $4,784,000.00. Following the transaction, the executive vice president now directly owns 275,008 shares of the company’s stock, valued at approximately $10,120,294.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John L. Plueger sold 50,671 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $38.59, for a total value of $1,955,393.89. Following the completion of the transaction, the chief executive officer now directly owns 914,145 shares in the company, valued at $35,276,855.55. The disclosure for this sale can be found here. Insiders sold a total of 576,477 shares of company stock worth $21,843,351 in the last quarter. Corporate insiders own 8.76% of the company’s stock.
About Air Lease
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.
Further Reading: What is a Real Estate Investment Trust (REIT)?
Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.