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

Air Lease (NYSE:AL) announced its quarterly earnings results on Sunday. The transportation company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.17, MarketWatch Earnings reports. Air Lease had a return on equity of 9.83% and a net margin of 27.48%. The firm had revenue of $489.00 million for the quarter, compared to analyst estimates of $490.07 million. During the same period last year, the firm posted $1.92 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis.

AL stock traded down $0.43 during mid-day trading on Tuesday, reaching $46.06. The company’s stock had a trading volume of 6,102 shares, compared to its average volume of 800,077. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.66 and a beta of 2.20. The business’s 50 day moving average price is $43.11 and its 200 day moving average price is $36.40. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 2.54. Air Lease has a 12 month low of $8.41 and a 12 month high of $47.74.

A number of equities analysts have recently issued reports on AL shares. Zacks Investment Research downgraded 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. Cowen raised their price objective on Air Lease from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Air Lease from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 25th. Finally, Credit Suisse Group raised their price objective on Air Lease from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.60.

In other news, EVP Alex A. Khatibi sold 24,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 119,401 shares in the company, valued at $5,006,483.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jie Chen sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $42.26, for a total value of $1,056,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,000 shares of company stock valued at $3,111,820. 6.88% of the stock is currently owned by corporate insiders.

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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