Analysts Anticipate Air Lease Corporation (NYSE:AL) to Announce $0.85 EPS

Analysts expect Air Lease Corporation (NYSE:AL) to post $0.85 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Air Lease Corporation’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.90. Air Lease Corporation reported earnings of $0.84 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, August 3rd.

According to Zacks, analysts expect that Air Lease Corporation will report full-year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.39 to $3.55. For the next financial year, analysts expect that the company will report earnings of $4.11 per share, with EPS estimates ranging from $3.85 to $4.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Air Lease Corporation.

A number of brokerages recently commented on AL. BidaskClub upgraded shares of Air Lease Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Air Lease Corporation from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine upgraded shares of Air Lease Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. FBR & Co decreased their target price on shares of Air Lease Corporation from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Finally, Morgan Stanley lowered shares of Air Lease Corporation from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $40.00 to $42.00 in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Air Lease Corporation currently has a consensus rating of “Buy” and an average target price of $44.86.

Air Lease Corporation (NYSE AL) opened at 38.70 on Friday. The firm’s 50-day moving average is $37.43 and its 200-day moving average is $37.25. The company has a market cap of $3.99 billion, a PE ratio of 11.52 and a beta of 1.78. Air Lease Corporation has a 52 week low of $26.27 and a 52 week high of $40.24.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Wednesday, June 14th were given a dividend of $0.075 per share. The ex-dividend date was Monday, June 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.78%. Air Lease Corporation’s payout ratio is presently 8.90%.

In other news, EVP Grant A. Levy sold 27,854 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $38.16, for a total transaction of $1,062,908.64. Following the completion of the sale, the executive vice president now owns 210,824 shares of the company’s stock, valued at approximately $8,045,043.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kishore Korde sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the sale, the executive vice president now directly owns 86,410 shares of the company’s stock, valued at approximately $3,283,580. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,854 shares of company stock worth $1,214,909. Company insiders own 9.76% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Air Lease Corporation by 0.9% in the first quarter. Bank of Montreal Can now owns 3,856 shares of the transportation company’s stock worth $150,000 after buying an additional 35 shares during the period. Garrison Bradford & Associates Inc. increased its stake in shares of Air Lease Corporation by 0.9% in the first quarter. Garrison Bradford & Associates Inc. now owns 21,900 shares of the transportation company’s stock worth $849,000 after buying an additional 200 shares during the period. Suntrust Banks Inc. increased its stake in shares of Air Lease Corporation by 1.8% in the first quarter. Suntrust Banks Inc. now owns 12,725 shares of the transportation company’s stock worth $493,000 after buying an additional 231 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Air Lease Corporation by 1.1% in the first quarter. Ingalls & Snyder LLC now owns 76,225 shares of the transportation company’s stock worth $2,954,000 after buying an additional 844 shares during the period. Finally, Wright Investors Service Inc. increased its stake in shares of Air Lease Corporation by 8.6% in the first quarter. Wright Investors Service Inc. now owns 11,325 shares of the transportation company’s stock worth $439,000 after buying an additional 900 shares during the period. 92.11% of the stock is owned by institutional investors.

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Air Lease Corporation Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company 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 and Estimates for Air Lease Corporation (NYSE:AL)

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