Air Lease (AL) Scheduled to Post Quarterly Earnings on Monday

Air Lease (NYSE:AL) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Air Lease to post earnings of $1.30 per share for the quarter. Parties interested in participating in the company’s 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 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.79. The company had revenue of $716.57 million for the quarter, compared to the consensus estimate of $672.95 million. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. Air Lease’s revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. On average, analysts expect Air Lease to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Air Lease Stock Performance

Shares of NYSE AL opened at $51.41 on Friday. 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 cap of $5.73 billion, a P/E ratio of 9.86, a PEG ratio of 0.62 and a beta of 1.63. The stock has a fifty day moving average price of $47.47 and a two-hundred day moving average price of $42.20. Air Lease has a 1 year low of $33.33 and a 1 year high of $52.31.

Air Lease Dividend Announcement

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

Insider Buying and Selling at Air Lease

In related news, EVP Alex A. Khatibi sold 11,199 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the sale, the executive vice president now directly owns 76,300 shares in the company, valued at $3,614,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Alex A. Khatibi sold 11,198 shares of Air Lease stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $43.11, for a total value of $482,745.78. Following the transaction, the executive vice president now owns 87,499 shares of the company’s stock, valued at $3,772,081.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alex A. Khatibi sold 11,199 shares of Air Lease stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the transaction, the executive vice president now owns 76,300 shares in the company, valued at $3,614,331. The disclosure for this sale can be found here. Insiders sold 89,646 shares of company stock worth $3,705,152 over the last ninety days. 6.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on AL shares. Barclays upped their price objective on shares of Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. BMO Capital Markets lifted their price objective on shares of Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, StockNews.com cut Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.