Air Lease (NYSE:AL) Posts Earnings Results, Beats Expectations By $0.17 EPS

Air Lease (NYSE:AL) announced its earnings results on Sunday. The transportation company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.17, MarketWatch Earnings reports. The business had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $490.07 million. Air Lease had a net margin of 27.48% and a return on equity of 9.83%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS.

AL traded down $0.43 during midday trading on Tuesday, hitting $46.06. The company had a trading volume of 27,865 shares, compared to its average volume of 800,077. The company has a debt-to-equity ratio of 2.54, a quick ratio of 3.14 and a current ratio of 3.14. The company has a market capitalization of $5.24 billion, a PE ratio of 9.47, a P/E/G ratio of 0.66 and a beta of 2.20. Air Lease has a twelve month low of $8.41 and a twelve month high of $47.74. The firm’s 50-day simple moving average is $43.11 and its 200-day simple moving average is $36.40.

A number of equities research analysts recently issued reports on the stock. Cowen increased their target price on shares of Air Lease from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 26th. Credit Suisse Group increased their target price on shares of Air Lease from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. Zacks Investment Research cut shares of Air Lease from a “hold” rating to a “sell” rating and set a $46.00 target price for the company. in a research report on Thursday, February 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Air Lease from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Air Lease has an average rating of “Buy” and an average price target of $44.60.

In other news, EVP Alex A. Khatibi sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $41.93, for a total value of $1,006,320.00. Following the transaction, the executive vice president now owns 119,401 shares of the company’s stock, valued at approximately $5,006,483.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jie Chen sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $42.26, for a total transaction of $1,056,500.00. The disclosure for this sale can be found here. Insiders sold a total of 74,000 shares of company stock valued at $3,111,820 in the last 90 days. Corporate insiders own 6.88% of the company’s stock.

Air Lease Company Profile

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

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