Wall Street analysts forecast that Air Lease Corp (NYSE:AL) will report earnings per share of $0.88 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Air Lease’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.87. Air Lease reported earnings per share of $0.89 in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.1%. The business is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that Air Lease will report full-year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.49. For the next fiscal year, analysts expect that the company will report earnings of $3.94 per share, with EPS estimates ranging from $3.71 to $4.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Air Lease.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Air Lease had a return on equity of 10.87% and a net margin of 25.67%. The business had revenue of $376.77 million during the quarter, compared to analysts’ expectations of $374.61 million. During the same quarter in the previous year, the firm earned $1.43 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year.

A number of equities research analysts recently commented on the company. Royal Bank of Canada increased their price target on Air Lease from $79.00 to $80.00 and gave the stock a “top pick” rating in a research report on Friday, September 29th. Zacks Investment Research upgraded Air Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. UBS increased their price target on Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Friday, November 10th. Cowen increased their price target on Air Lease from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Citigroup assumed coverage on Air Lease in a research report on Friday, December 8th. They set a “neutral” rating and a $46.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.50.

Shares of Air Lease (AL) opened at $45.08 on Thursday. Air Lease has a 12 month low of $34.21 and a 12 month high of $45.15. The firm has a market capitalization of $4,589.02, a P/E ratio of 12.74, a PEG ratio of 1.34 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.53.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from Air Lease’s previous quarterly dividend of $0.08. Air Lease’s dividend payout ratio is 8.60%.

In related news, EVP Grant A. Levy sold 10,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $43.88, for a total value of $438,800.00. Following the completion of the sale, the executive vice president now owns 163,824 shares in the company, valued at approximately $7,188,597.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John L. Plueger sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $41.34, for a total transaction of $12,402,000.00. Following the completion of the sale, the chief executive officer now owns 1,057,310 shares of the company’s stock, valued at approximately $43,709,195.40. The disclosure for this sale can be found here. In the last three months, insiders sold 325,000 shares of company stock worth $13,489,290. 9.76% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC increased its holdings in Air Lease by 0.6% during the 2nd quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock worth $129,000 after purchasing an additional 21 shares in the last quarter. Alps Advisors Inc. increased its holdings in Air Lease by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,316 shares of the transportation company’s stock worth $460,000 after purchasing an additional 32 shares in the last quarter. Suntrust Banks Inc. increased its holdings in Air Lease by 0.9% during the 2nd quarter. Suntrust Banks Inc. now owns 12,844 shares of the transportation company’s stock worth $479,000 after purchasing an additional 119 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Air Lease by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,877 shares of the transportation company’s stock worth $294,000 after purchasing an additional 134 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Air Lease by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 23,589 shares of the transportation company’s stock worth $881,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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Air Lease 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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Earnings History and Estimates for Air Lease (NYSE:AL)

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