Air Lease (NYSE:AL) Earning Somewhat Favorable News Coverage, Report Finds

News headlines about Air Lease (NYSE:AL) have trended somewhat positive on Saturday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Air Lease earned a coverage optimism score of 1.85 on their scale. InfoTrie also assigned media coverage about the transportation company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Air Lease’s analysis:

Several equities analysts have recently issued reports on the company. Goldman Sachs Group reissued a “neutral” rating and set a $393.00 target price on shares of Boeing in a research note on Monday, April 8th. Zacks Investment Research downgraded HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, ValuEngine raised WPP from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.56.

AL stock traded up $0.16 during trading on Friday, reaching $41.69. The stock had a trading volume of 1,148,892 shares, compared to its average volume of 572,492. Air Lease has a 52 week low of $28.13 and a 52 week high of $47.34. The firm’s 50 day moving average is $39.30. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.17 and a beta of 1.97.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, May 9th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The business had revenue of $466.00 million during the quarter, compared to analysts’ expectations of $456.91 million. Air Lease had a return on equity of 11.45% and a net margin of 30.50%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 earnings per share. Research analysts predict that Air Lease will post 5.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Wednesday, June 5th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Tuesday, June 4th. Air Lease’s dividend payout ratio is currently 11.30%.

In other Air Lease news, CEO John L. Plueger sold 50,671 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $38.59, for a total transaction of $1,955,393.89. Following the completion of the transaction, the chief executive officer now owns 914,145 shares in the company, valued at approximately $35,276,855.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc H. Baer sold 130,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 owns 275,008 shares of the company’s stock, valued at approximately $10,120,294.40. The disclosure for this sale can be found here. Insiders have sold 576,477 shares of company stock valued at $21,843,351 in the last quarter. 8.76% of the stock is currently owned by company insiders.

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.

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