Air Lease (AL) Expected to Announce Earnings on Thursday

Air Lease (NYSE:AL) is expected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $704.97 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Air Lease Trading Down 0.5 %

NYSE AL opened at $45.76 on Wednesday. The stock’s 50 day moving average is $47.62 and its 200 day moving average is $46.25. The firm has a market capitalization of $5.10 billion, a PE ratio of 10.42, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease has a twelve month low of $39.35 and a twelve month high of $52.31. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AL. JPMorgan Chase & Co. boosted their price target on Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.60.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.