Air Lease (NYSE:AL) Issues Earnings Results

Air Lease (NYSE:AL) announced its quarterly earnings results on Thursday. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44, Zacks reports. Air Lease had a net margin of 19.58% and a return on equity of 8.92%.

Air Lease Price Performance

AL traded up $0.66 on Thursday, reaching $46.36. The company had a trading volume of 727,494 shares, compared to its average volume of 620,953. The business has a 50 day simple moving average of $47.51 and a 200 day simple moving average of $46.25. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.00 and a beta of 1.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43. Air Lease has a 52-week low of $39.35 and a 52-week high of $52.31.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. Air Lease’s dividend payout ratio is currently 20.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AL. JPMorgan Chase & Co. increased their price target on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.