$0.97 EPS Expected for Air Lease Co. (NYSE:AL) This Quarter

Equities research analysts predict that Air Lease Co. (NYSE:AL) will report earnings of $0.97 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Air Lease’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.86. Air Lease posted earnings per share of $1.26 during the same quarter last year, which suggests a negative year-over-year growth rate of 23%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 5th.

According to Zacks, analysts expect that Air Lease will report full year earnings of $4.19 per share for the current year, with EPS estimates ranging from $3.89 to $4.76. For the next financial year, analysts anticipate that the business will post earnings of $5.45 per share, with EPS estimates ranging from $4.95 to $6.07. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Air Lease.

Air Lease (NYSE:AL) last announced its earnings results on Wednesday, May 5th. The transportation company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.25). Air Lease had a net margin of 27.48% and a return on equity of 9.83%. The firm had revenue of $474.80 million for the quarter, compared to analyst estimates of $507.04 million. During the same period in the previous year, the company earned $1.61 EPS. Air Lease’s revenue was down 7.2% compared to the same quarter last year.

Several research firms recently commented on AL. Zacks Investment Research cut Air Lease from a “hold” rating to a “sell” rating and set a $46.00 price target for the company. in a report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft increased their price target on Air Lease from $45.00 to $58.00 and gave the company a “buy” rating in a report on Monday, January 25th. Finally, Cowen increased their price target on Air Lease from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, January 26th.

A number of hedge funds have recently bought and sold shares of AL. Price T Rowe Associates Inc. MD increased its stake in Air Lease by 7,032.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,887,934 shares of the transportation company’s stock worth $83,862,000 after acquiring an additional 1,861,466 shares during the last quarter. Norges Bank purchased a new position in shares of Air Lease during the fourth quarter worth $55,559,000. Morgan Stanley boosted its position in shares of Air Lease by 119.2% during the fourth quarter. Morgan Stanley now owns 1,172,346 shares of the transportation company’s stock worth $52,077,000 after buying an additional 637,520 shares during the period. UBS Group AG boosted its position in shares of Air Lease by 34.7% during the first quarter. UBS Group AG now owns 2,120,352 shares of the transportation company’s stock worth $103,897,000 after buying an additional 545,938 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Air Lease by 135.1% during the first quarter. Nuveen Asset Management LLC now owns 803,274 shares of the transportation company’s stock worth $39,360,000 after buying an additional 461,531 shares during the period. 94.81% of the stock is owned by institutional investors.

Shares of NYSE:AL traded down $0.40 during midday trading on Wednesday, hitting $45.98. The company had a trading volume of 8,486 shares, compared to its average volume of 858,022. Air Lease has a twelve month low of $21.72 and a twelve month high of $52.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 3.14 and a quick ratio of 3.14. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.66 and a beta of 2.20. The business’s 50-day simple moving average is $47.91 and its 200-day simple moving average is $43.41.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 9th. Shareholders of record on Tuesday, June 8th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, June 7th. This represents a $0.64 annualized dividend and a yield of 1.39%. Air Lease’s dividend payout ratio (DPR) is 12.57%.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors.

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