Wall Street analysts forecast that Air Lease Corp (NYSE:AL) will report earnings per share (EPS) of $1.35 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Air Lease’s earnings. Air Lease posted earnings per share of $1.06 in the same quarter last year, which indicates a positive year-over-year growth rate of 27.4%. The business is expected to report its next earnings results on Thursday, February 28th.

On average, analysts expect that Air Lease will report full year earnings of $5.37 per share for the current fiscal year, with EPS estimates ranging from $4.82 to $5.91. For the next financial year, analysts expect that the company will report earnings of $5.97 per share, with EPS estimates ranging from $5.78 to $6.15. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Air Lease.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, November 8th. The transportation company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Air Lease had a net margin of 51.81% and a return on equity of 11.44%. The company had revenue of $450.70 million for the quarter, compared to analyst estimates of $443.01 million. During the same quarter in the prior year, the business posted $1.50 EPS. Air Lease’s quarterly revenue was up 19.6% on a year-over-year basis.

AL has been the topic of several analyst reports. Compass Point restated a “buy” rating and set a $58.00 price target on shares of Air Lease in a research note on Sunday, August 12th. Bank of America restated a “buy” rating and set a $57.00 price target on shares of Air Lease in a research note on Thursday, August 16th. Zacks Investment Research upgraded shares of Air Lease from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, November 13th. Seaport Global Securities initiated coverage on shares of Air Lease in a research note on Wednesday, October 10th. They set a “buy” rating on the stock. Finally, Cowen restated a “buy” rating and set a $54.00 price target on shares of Air Lease in a research note on Friday, November 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $54.45.

In related news, EVP Grant A. Levy sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $45.13, for a total value of $676,950.00. Following the transaction, the executive vice president now directly owns 153,399 shares in the company, valued at approximately $6,922,896.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.32% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Air Lease by 10.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 15,098 shares of the transportation company’s stock valued at $693,000 after purchasing an additional 1,375 shares during the period. Skba Capital Management LLC boosted its holdings in Air Lease by 15.2% in the 2nd quarter. Skba Capital Management LLC now owns 10,630 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 1,400 shares during the period. BTR Capital Management Inc. boosted its holdings in Air Lease by 0.6% in the 3rd quarter. BTR Capital Management Inc. now owns 253,451 shares of the transportation company’s stock valued at $11,628,000 after purchasing an additional 1,485 shares during the period. Swiss National Bank boosted its holdings in Air Lease by 0.9% in the 3rd quarter. Swiss National Bank now owns 172,300 shares of the transportation company’s stock valued at $7,905,000 after purchasing an additional 1,500 shares during the period. Finally, Parkside Investments LLC boosted its holdings in Air Lease by 3.0% in the 3rd quarter. Parkside Investments LLC now owns 52,820 shares of the transportation company’s stock valued at $2,423,000 after purchasing an additional 1,525 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Shares of AL opened at $36.32 on Wednesday. Air Lease has a 12 month low of $35.97 and a 12 month high of $50.70. The firm has a market cap of $3.86 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.83. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.48.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Thursday, December 13th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, December 12th. This is a positive change from Air Lease’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 1.43%. Air Lease’s dividend payout ratio (DPR) is presently 10.96%.

About Air Lease

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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Earnings History and Estimates for Air Lease (NYSE:AL)

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