Brokerages Anticipate Air Lease Corp (AL) Will Announce Earnings of $1.35 Per Share

Equities analysts expect Air Lease Corp (NYSE:AL) to announce $1.35 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Air Lease’s earnings. Air Lease posted earnings per share of $1.06 during the same quarter last year, which suggests a positive year over year growth rate of 27.4%. The company is scheduled to issue 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 year, analysts anticipate that the firm will post earnings of $5.97 per share, with EPS estimates ranging from $5.78 to $6.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Air Lease.

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

Several research firms recently commented on AL. ValuEngine raised Air Lease from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada increased their price objective on Air Lease from $91.00 to $93.00 and gave the company a “top pick” rating in a research note on Friday, August 10th. Compass Point reissued a “buy” rating and issued a $58.00 price objective on shares of Air Lease in a research note on Sunday, August 12th. Bank of America reaffirmed a “buy” rating and issued a $57.00 target price on shares of Air Lease in a research note on Thursday, August 16th. Finally, Citigroup raised their target price on Air Lease from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Air Lease presently has a consensus rating of “Buy” and an average target price of $54.25.

In other Air Lease news, EVP Grant A. Levy sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $45.13, for a total value of $676,950.00. Following the completion of the sale, the executive vice president now directly owns 153,399 shares of the company’s stock, valued at approximately $6,922,896.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.32% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Boston Partners boosted its holdings in Air Lease by 2.0% during the 2nd quarter. Boston Partners now owns 8,730,004 shares of the transportation company’s stock valued at $366,398,000 after acquiring an additional 174,888 shares during the period. FMR LLC boosted its holdings in Air Lease by 5.4% during the 2nd quarter. FMR LLC now owns 3,490,348 shares of the transportation company’s stock valued at $146,490,000 after acquiring an additional 178,070 shares during the period. Royce & Associates LP boosted its holdings in Air Lease by 6.4% during the 3rd quarter. Royce & Associates LP now owns 2,566,314 shares of the transportation company’s stock valued at $117,742,000 after acquiring an additional 155,106 shares during the period. Cannell Peter B & Co. Inc. boosted its holdings in Air Lease by 8.5% during the 3rd quarter. Cannell Peter B & Co. Inc. now owns 1,557,474 shares of the transportation company’s stock valued at $71,457,000 after acquiring an additional 121,783 shares during the period. Finally, Strs Ohio boosted its holdings in Air Lease by 0.8% during the 2nd quarter. Strs Ohio now owns 1,351,280 shares of the transportation company’s stock valued at $56,713,000 after acquiring an additional 11,280 shares during the period. 88.20% of the stock is owned by hedge funds and other institutional investors.

NYSE AL opened at $37.91 on Wednesday. Air Lease has a one year low of $35.97 and a one year high of $50.70. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $4.04 billion, a P/E ratio of 10.39, a PEG ratio of 1.00 and a beta of 1.83.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Thursday, December 13th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, December 12th. This is an increase from Air Lease’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.37%. Air Lease’s dividend payout ratio (DPR) is 10.96%.

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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