Air Lease (NYSE:AL) Posts Earnings Results, Beats Estimates By $0.05 EPS

Air Lease (NYSE:AL) posted its earnings results on Thursday. The transportation company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.05, Fidelity Earnings reports. Air Lease had a net margin of 30.00% and a return on equity of 11.16%. The business had revenue of $531.00 million for the quarter, compared to analysts’ expectations of $525.63 million. During the same period in the previous year, the company posted $1.73 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year.

AL opened at $45.74 on Friday. The stock has a market capitalization of $5.22 billion, a PE ratio of 9.94, a P/E/G ratio of 0.87 and a beta of 1.87. The firm’s fifty day moving average price is $42.65 and its 200 day moving average price is $40.52. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.64 and a quick ratio of 0.64. Air Lease has a 12-month low of $28.13 and a 12-month high of $47.54.

A number of research analysts have recently commented on the stock. Cowen reissued an “outperform” rating and set a $49.00 target price (down from $50.00) on shares of Air Lease in a research report on Friday, August 9th. Zacks Investment Research cut shares of Air Lease from a “hold” rating to a “sell” rating and set a $43.00 target price on the stock. in a research report on Friday, August 2nd. Finally, ValuEngine cut shares of Air Lease from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Air Lease currently has a consensus rating of “Hold” and an average price target of $47.80.

In related news, insider Steven F. Udvar-Hazy sold 507,789 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $38.58, for a total value of $19,590,499.62. Following the sale, the insider now directly owns 1,334,842 shares of the company’s stock, valued at $51,498,204.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Steven F. Udvar-Hazy sold 249,991 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $39.25, for a total transaction of $9,812,146.75. Following the completion of the sale, the chairman now directly owns 1,334,842 shares in the company, valued at $52,392,548.50. The disclosure for this sale can be found here. Insiders sold 911,649 shares of company stock worth $35,904,901 over the last ninety days. 8.76% of the stock is currently owned by corporate 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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Earnings History for Air Lease (NYSE:AL)

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