Air Lease (NYSE:AL) Issues Quarterly Earnings Results

Air Lease (NYSE:AL) posted its quarterly earnings results on Thursday. The transportation company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.82 by $0.44, Zacks reports. Air Lease had a return on equity of 8.92% and a net margin of 19.58%.

Air Lease Price Performance

NYSE AL traded up $0.66 during trading hours on Thursday, reaching $46.36. 727,494 shares of the company’s stock were exchanged, compared to its average volume of 620,958. The stock has a market cap of $5.16 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. Air Lease has a one year low of $39.35 and a one year high of $52.31. The firm has a fifty day moving average of $47.51 and a 200-day moving average of $46.25. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. Air Lease’s dividend payout ratio (DPR) is presently 20.05%.

Analyst Ratings Changes

AL has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Lease currently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.