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.
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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