Willis Lease Finance (NASDAQ:WLFC) Announces Quarterly Earnings Results

Willis Lease Finance (NASDAQ:WLFC) announced its earnings results on Monday. The transportation company reported $2.81 earnings per share (EPS) for the quarter, Zacks reports. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%.

Willis Lease Finance Stock Performance

Shares of Willis Lease Finance stock opened at $183.05 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The business has a 50-day moving average price of $198.15 and a two-hundred day moving average price of $180.60. Willis Lease Finance has a 1-year low of $46.70 and a 1-year high of $235.43. The company has a market cap of $1.21 billion, a P/E ratio of 12.97 and a beta of 1.11.

Willis Lease Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Willis Lease Finance’s payout ratio is currently 7.09%.

Insiders Place Their Bets

In other Willis Lease Finance news, CEO Austin Chandler Willis sold 3,450 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $204.14, for a total transaction of $704,283.00. Following the completion of the sale, the chief executive officer now directly owns 158,034 shares in the company, valued at approximately $32,261,060.76. This trade represents a 2.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 57.02% of the company’s stock.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.