Air Lease (AL) Set to Announce Quarterly Earnings on Monday

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

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.79. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The company had revenue of $716.57 million for the quarter, compared to the consensus estimate of $672.95 million. During the same period last year, the firm posted $1.21 EPS. 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 $8 EPS for the next fiscal year.

Air Lease Price Performance

Shares of NYSE:AL opened at $51.41 on Friday. Air Lease has a one year low of $33.33 and a one year high of $52.31. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.62 and a beta of 1.63. The company has a 50-day simple moving average of $47.70 and a 200-day simple moving average of $42.35. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.40 and a current ratio of 0.40.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th were paid 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%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AL shares. StockNews.com downgraded Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. BMO Capital Markets increased their price target on Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, Barclays boosted 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Air Lease currently has a consensus rating of “Moderate Buy” and an average price target of $53.25.

Insider Buying and Selling at Air Lease

In other news, EVP Carol Hyland Forsyte sold 3,046 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total transaction of $121,900.92. Following the completion of the transaction, the executive vice president now directly owns 72,073 shares of the company’s stock, valued at approximately $2,884,361.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Air Lease news, EVP Carol Hyland Forsyte sold 3,046 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $40.02, for a total transaction of $121,900.92. Following the sale, the executive vice president now directly owns 72,073 shares in the company, valued at approximately $2,884,361.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kishore Korde sold 16,593 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $39.70, for a total transaction of $658,742.10. Following the transaction, the executive vice president now directly owns 112,375 shares in the company, valued at $4,461,287.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,646 shares of company stock valued at $3,705,152. 6.64% of the stock is owned by corporate insiders.

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.