Brokerages expect Air Lease Corp (NYSE:AL) to announce earnings of $0.87 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Air Lease’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.90. Air Lease reported earnings of $0.89 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The business is expected to report its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Air Lease will report full year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.40 to $3.49. For the next fiscal year, analysts expect that the business will post earnings of $4.09 per share, with EPS estimates ranging from $3.73 to $4.63. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Air Lease.

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

A number of research analysts have commented on the company. Zacks Investment Research raised Air Lease from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. ValuEngine downgraded Air Lease from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada increased their target price on Air Lease from $79.00 to $80.00 and gave the stock a “top pick” rating in a report on Friday, September 29th. Bank of America set a $47.00 target price on Air Lease and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Cowen increased their target price on Air Lease from $45.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Air Lease currently has an average rating of “Hold” and a consensus target price of $49.40.

In related news, EVP Grant A. Levy sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $43.88, for a total value of $438,800.00. Following the sale, the executive vice president now owns 163,824 shares of the company’s stock, valued at approximately $7,188,597.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jie Chen sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.82, for a total value of $87,640.00. The disclosure for this sale can be found here. In the last three months, insiders sold 379,000 shares of company stock worth $15,939,110. Company insiders own 9.76% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AL. Schwab Charles Investment Management Inc. increased its position in Air Lease by 6.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 352,634 shares of the transportation company’s stock valued at $13,175,000 after acquiring an additional 20,653 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Air Lease by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 331 shares during the period. Swiss National Bank increased its position in Air Lease by 1.4% in the 2nd quarter. Swiss National Bank now owns 163,000 shares of the transportation company’s stock valued at $6,090,000 after acquiring an additional 2,200 shares during the period. Alliancebernstein L.P. increased its position in Air Lease by 12.7% in the 2nd quarter. Alliancebernstein L.P. now owns 56,864 shares of the transportation company’s stock valued at $2,124,000 after acquiring an additional 6,400 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in Air Lease in the 2nd quarter valued at approximately $311,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Air Lease (NYSE:AL) opened at $49.18 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease has a 1-year low of $34.42 and a 1-year high of $50.21. The company has a market capitalization of $5,080.00, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.81.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were issued a $0.10 dividend. This is an increase from Air Lease’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. Air Lease’s dividend payout ratio (DPR) is 11.49%.

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About Air Lease

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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