Air Lease Corp (AL) to Release Quarterly Earnings on Thursday
Air Lease Corp (NYSE:AL) is scheduled to be issuing its Q114 quarterly earnings data on Thursday, May 8th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $238.42 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Air Lease Corp (NYSE:AL) last announced its earnings results on Thursday, February 27th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.07. The company had revenue of $242.90 million for the quarter, compared to the consensus estimate of $226.39 million. During the same quarter last year, the company posted $0.38 earnings per share. Air Lease Corp’s revenue was up 27.8% compared to the same quarter last year. On average, analysts expect Air Lease Corp to post $2.26 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
Air Lease Corp (NYSE:AL) opened at 37.64 on Wednesday. Air Lease Corp has a one year low of $25.13 and a one year high of $38.15. The stock has a 50-day moving average of $36.6 and a 200-day moving average of $33.36. The company has a market cap of $3.833 billion and a price-to-earnings ratio of 20.73.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Air Lease Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 23rd. On a related note, analysts at Bank of America reiterated a “neutral” rating on shares of Air Lease Corp in a research note on Tuesday, March 11th. They now have a $40.00 price target on the stock, up previously from $28.50. Finally, analysts at Deutsche Bank raised their price target on shares of Air Lease Corp from $37.00 to $44.00 in a research note on Friday, February 28th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.86.
In other Air Lease Corp news, EVP Grant Levy unloaded 3,000 shares of Air Lease Corp stock on the open market in a transaction dated Thursday, May 1st. The shares were sold at an average price of $35.89, for a total transaction of $107,670.00. Following the completion of the sale, the executive vice president now directly owns 147,178 shares of the company’s stock, valued at approximately $5,282,218. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing commercial aircraft which the Company, in turn, lease to airlines around the world.
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