Air Lease (NYSE:AL) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Air Lease (NYSE:AL) issued its earnings results on Sunday. The transportation company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.17, MarketWatch Earnings reports. Air Lease had a net margin of 27.48% and a return on equity of 9.83%. The firm had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $490.07 million. During the same quarter last year, the company posted $1.92 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year.

Shares of AL traded up $0.31 during mid-day trading on Tuesday, hitting $46.80. 57,726 shares of the company were exchanged, compared to its average volume of 800,077. Air Lease has a 1-year low of $8.41 and a 1-year high of $47.74. The company has a debt-to-equity ratio of 2.54, a quick ratio of 3.14 and a current ratio of 3.14. The company has a 50 day moving average of $43.11 and a 200-day moving average of $36.40. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.66 and a beta of 2.20.

Several brokerages recently issued reports on AL. Cowen raised their target price on shares of Air Lease from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 26th. Credit Suisse Group upped their price objective on shares of Air Lease from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. Zacks Investment Research downgraded shares of Air Lease from a “hold” rating to a “sell” rating and set a $46.00 price objective for the company. in a research report on Thursday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Air Lease from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.60.

In related news, Director Jie Chen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $41.96, for a total transaction of $1,049,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex A. Khatibi sold 24,000 shares of the company’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $41.93, for a total transaction of $1,006,320.00. Following the transaction, the executive vice president now owns 119,401 shares of the company’s stock, valued at approximately $5,006,483.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,000 shares of company stock valued at $3,111,820. Insiders own 6.88% of the company’s stock.

Air Lease Company Profile

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.

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