Air Lease (NYSE:AL) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Air Lease (NYSE:AL) posted its quarterly earnings results on Monday. The transportation company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.07), Briefing.com reports. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The company had revenue of $663.31 million during the quarter, compared to the consensus estimate of $677.26 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.

Air Lease Stock Performance

Shares of Air Lease stock opened at $49.78 on Friday. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.64 and a beta of 1.63. The stock’s 50-day moving average is $48.47 and its 200-day moving average is $42.71. Air Lease has a one year low of $33.33 and a one year high of $52.31. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.40 and a quick ratio of 0.40.

Air Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Tuesday, June 4th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.69%. Air Lease’s dividend payout ratio (DPR) is 16.31%.

Insider Activity

In other news, EVP Alex A. Khatibi sold 11,198 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $43.11, for a total value of $482,745.78. Following the sale, the executive vice president now directly owns 87,499 shares in the company, valued at $3,772,081.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Alex A. Khatibi sold 11,198 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $43.11, for a total value of $482,745.78. Following the sale, the executive vice president now directly owns 87,499 shares in the company, valued at $3,772,081.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alex A. Khatibi sold 11,199 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the sale, the executive vice president now owns 76,300 shares in the company, valued at $3,614,331. The disclosure for this sale can be found here. Insiders have sold a total of 89,646 shares of company stock worth $3,705,152 over the last three months. Corporate insiders own 6.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AL shares. TD Cowen reduced their price target on Air Lease from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays lifted their target price on Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, BMO Capital Markets lifted their target price on Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Air Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.