Air Lease (NYSE:AL) Announces Earnings Results

Air Lease (NYSE:AL – Get Rating) posted its quarterly earnings data on Thursday. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.10), Briefing.com reports. The business had revenue of $557.70 million during the quarter, compared to analyst estimates of $542.23 million. Air Lease had a positive return on equity of 7.82% and a negative net margin of 4.99%. Air Lease’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS.

Air Lease Trading Up 0.9 %

Shares of AL stock traded up $0.36 on Friday, reaching $38.27. 925,732 shares of the stock were exchanged, compared to its average volume of 537,614. The stock has a market cap of $4.24 billion, a PE ratio of -33.28 and a beta of 1.83. Air Lease has a one year low of $29.75 and a one year high of $50.99. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a 50 day moving average price of $34.47 and a 200 day moving average price of $38.56.

Air Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 12th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.93%. Air Lease’s payout ratio is currently -64.35%.

Insider Transactions at Air Lease

In related news, Chairman Steven F. Udvar-Hazy acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was acquired at an average price of $35.60 per share, for a total transaction of $106,800.00. Following the completion of the acquisition, the chairman now owns 1,204,558 shares of the company’s stock, valued at approximately $42,882,264.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Air Lease

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in shares of Air Lease during the first quarter worth about $66,000. MetLife Investment Management LLC acquired a new position in Air Lease during the first quarter valued at approximately $96,000. Great West Life Assurance Co. Can boosted its position in Air Lease by 7.3% during the first quarter. Great West Life Assurance Co. Can now owns 7,825 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 535 shares during the last quarter. Ethic Inc. boosted its position in Air Lease by 18.6% during the first quarter. Ethic Inc. now owns 8,107 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Air Lease during the first quarter valued at approximately $559,000. Institutional investors own 86.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price objective on Air Lease from $61.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.67.

Air Lease Company Profile

(Get Rating)

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors.