Air Lease (AL) to Release Earnings on Monday

Air Lease (NYSE:AL) will issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.79. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The business had revenue of $716.57 million during the quarter, compared to analyst estimates of $672.95 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. Air Lease’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, analysts expect Air Lease to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Air Lease Stock Performance

NYSE:AL opened at $51.66 on Monday. The stock has a 50-day simple moving average of $46.63 and a two-hundred day simple moving average of $41.84. Air Lease has a 52-week low of $33.33 and a 52-week high of $52.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $5.75 billion, a PE ratio of 10.03, a P/E/G ratio of 0.71 and a beta of 1.65.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 14th. Air Lease’s dividend payout ratio is presently 16.31%.

Insider Activity

In other news, CEO John L. Plueger sold 19,095 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $768,955.65. Following the transaction, the chief executive officer now directly owns 859,153 shares in the company, valued at $34,598,091.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Carol Hyland Forsyte sold 3,046 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the sale, the executive vice president now directly owns 72,073 shares in the company, valued at $2,884,361.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John L. Plueger sold 19,095 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $768,955.65. Following the completion of the sale, the chief executive officer now owns 859,153 shares in the company, valued at $34,598,091.31. The disclosure for this sale can be found here. Insiders have sold 89,646 shares of company stock worth $3,705,152 over the last ninety days. Corporate insiders own 6.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. BMO Capital Markets boosted their price target on Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, Barclays boosted their price objective on Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.25.

About Air Lease

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.