AerSale (NASDAQ:ASLE) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

AerSale (NASDAQ:ASLE) issued its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01, FiscalAI reports. AerSale had a return on equity of 2.10% and a net margin of 1.73%.The business had revenue of $90.94 million for the quarter.

AerSale Stock Performance

ASLE traded down $0.25 during trading on Thursday, reaching $7.32. 190,477 shares of the company’s stock were exchanged, compared to its average volume of 213,130. AerSale has a fifty-two week low of $5.56 and a fifty-two week high of $9.12. The company has a quick ratio of 0.92, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $7.44 and a 200 day moving average price of $7.51. The company has a market capitalization of $345.43 million, a P/E ratio of 56.31 and a beta of 0.19.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd increased its position in shares of AerSale by 19.5% during the 4th quarter. XTX Topco Ltd now owns 28,061 shares of the company’s stock worth $200,000 after purchasing an additional 4,575 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of AerSale in the 3rd quarter worth approximately $169,000. Sei Investments Co. grew its position in AerSale by 18.6% during the 2nd quarter. Sei Investments Co. now owns 27,813 shares of the company’s stock worth $167,000 after acquiring an additional 4,356 shares during the last quarter. Amundi bought a new stake in shares of AerSale during the first quarter worth $161,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of AerSale in the second quarter valued at $156,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ASLE shares. Wall Street Zen lowered shares of AerSale from a “buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Truist Financial decreased their target price on AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

AerSale Company Profile

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.