Air Lease Corporation (AL) Receiving Somewhat Positive News Coverage, Analysis Shows
News articles about Air Lease Corporation (NYSE:AL) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Air Lease Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.5469953914122 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- AL Ex-Dividend Reminder – 9/12/17 – Nasdaq (nasdaq.com)
- Air Lease Corp. breached its 50 day moving average in a Bearish Manner : AL-US : September 8, 2017 (finance.yahoo.com)
- What’s Behind Air Lease Corp (AL)’s Movement – Wall Street Review (thewallstreetreview.com)
- CSX Corporation (CSX) has a value of $50.21 per share While Air Lease Corporation (AL) is stand at $39.43 – Stocks Gallery (stocksgallery.com)
- ETFs with exposure to Air Lease Corp. : September 7, 2017 (finance.yahoo.com)
Shares of Air Lease Corporation (NYSE AL) opened at 39.53 on Friday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 11.51 and a beta of 1.77. Air Lease Corporation has a 1-year low of $27.05 and a 1-year high of $43.39. The company has a 50-day moving average price of $40.01 and a 200-day moving average price of $38.44.
Air Lease Corporation (NYSE:AL) last posted its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.08. The firm had revenue of $380.59 million for the quarter, compared to analyst estimates of $375.14 million. Air Lease Corporation had a net margin of 25.64% and a return on equity of 10.99%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. On average, equities analysts expect that Air Lease Corporation will post $3.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 13th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.30 annualized dividend and a yield of 0.76%. Air Lease Corporation’s dividend payout ratio (DPR) is 8.70%.
AL has been the topic of a number of research reports. Zacks Investment Research cut Air Lease Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley upped their price target on Air Lease Corporation from $40.00 to $42.00 in a report on Tuesday, July 4th. Barclays PLC initiated coverage on Air Lease Corporation in a report on Monday, July 10th. They issued an “overweight” rating and a $48.00 price target on the stock. FBR & Co lowered their price target on Air Lease Corporation from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Air Lease Corporation in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Air Lease Corporation has a consensus rating of “Buy” and a consensus target price of $45.25.
In other Air Lease Corporation news, EVP Grant A. Levy sold 27,854 shares of Air Lease Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $38.16, for a total value of $1,062,908.64. Following the transaction, the executive vice president now owns 210,824 shares in the company, valued at $8,045,043.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Marc H. Baer sold 7,562 shares of Air Lease Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $39.72, for a total transaction of $300,362.64. Following the completion of the transaction, the executive vice president now owns 132,001 shares in the company, valued at approximately $5,243,079.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,416 shares of company stock worth $1,793,271. 9.76% of the stock is currently owned by company insiders.
Air Lease Corporation Company Profile
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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