Brokerages expect Air Lease Corp (NYSE:AL) to announce $1.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Air Lease’s earnings. Air Lease reported earnings per share of $1.06 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.6%. The company is expected to issue its next earnings report on Thursday, February 28th.

On average, analysts expect that Air Lease will report full-year earnings of $5.09 per share for the current year, with EPS estimates ranging from $4.82 to $5.36. For the next fiscal year, analysts anticipate that the business will report earnings of $5.96 per share, with EPS estimates ranging from $5.78 to $6.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Air Lease.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, November 8th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ 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 period in the prior year, the business earned $1.50 earnings per share. Air Lease’s quarterly revenue was up 19.6% on a year-over-year basis.

A number of equities analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Air Lease from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. ValuEngine upgraded shares of Air Lease from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research lowered shares of Air Lease from a “hold” rating to a “sell” rating in a report on Monday, August 6th. Bank of America restated a “buy” rating and issued a $57.00 price objective on shares of Air Lease in a report on Thursday, August 16th. Finally, Morgan Stanley cut their price objective on shares of Air Lease from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued 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 an average target price of $54.39.

In other Air Lease news, EVP John D. Poerschke sold 6,000 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $46.90, for a total value of $281,400.00. Following the sale, the executive vice president now directly owns 51,500 shares in the company, valued at $2,415,350. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Grant A. Levy sold 15,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $45.13, for a total transaction of $676,950.00. Following the completion of the sale, the executive vice president now owns 153,399 shares in the company, valued at $6,922,896.87. The disclosure for this sale can be found here. Insiders sold 31,000 shares of company stock worth $1,420,550 over the last 90 days. 9.32% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AL. Cannell Peter B & Co. Inc. raised its holdings in Air Lease by 122.4% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,435,691 shares of the transportation company’s stock worth $60,256,000 after purchasing an additional 790,105 shares during the period. Royce & Associates LP increased its position in shares of Air Lease by 39.4% during the second quarter. Royce & Associates LP now owns 2,411,208 shares of the transportation company’s stock worth $101,198,000 after acquiring an additional 681,987 shares in the last quarter. Millennium Management LLC increased its position in shares of Air Lease by 206.0% during the second quarter. Millennium Management LLC now owns 669,641 shares of the transportation company’s stock worth $28,105,000 after acquiring an additional 450,809 shares in the last quarter. Capital International Investors bought a new stake in shares of Air Lease during the third quarter worth $18,031,000. Finally, Earnest Partners LLC increased its position in shares of Air Lease by 3,517,770.0% during the second quarter. Earnest Partners LLC now owns 351,787 shares of the transportation company’s stock worth $14,765,000 after acquiring an additional 351,777 shares in the last quarter. Institutional investors own 87.09% of the company’s stock.

Shares of AL stock traded down $0.82 during trading hours on Monday, reaching $37.19. 579,740 shares of the company were exchanged, compared to its average volume of 677,927. Air Lease has a fifty-two week low of $36.46 and a fifty-two week high of $50.70. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.99 and a beta of 1.85. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Thursday, December 13th will be issued a $0.13 dividend. This is a positive change from Air Lease’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, December 12th. Air Lease’s dividend payout ratio is currently 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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Earnings History and Estimates for Air Lease (NYSE:AL)

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