Equities analysts predict that Air Lease Corp (NYSE:AL) will announce earnings of $1.23 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Air Lease’s earnings, with the highest EPS estimate coming in at $1.31 and the lowest estimate coming in at $1.15. Air Lease reported earnings of $1.38 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 9th.
According to Zacks, analysts expect that Air Lease will report full year earnings of $5.58 per share for the current year, with EPS estimates ranging from $5.29 to $5.99. For the next year, analysts expect that the firm will report earnings of $6.68 per share, with EPS estimates ranging from $6.25 to $6.95. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Air Lease.
Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 21st. The transportation company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. Air Lease had a net margin of 30.41% and a return on equity of 11.45%. The business had revenue of $449.98 million during the quarter, compared to the consensus estimate of $457.55 million.
NYSE AL opened at $35.42 on Friday. Air Lease has a 52-week low of $28.13 and a 52-week high of $47.34. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $3.82 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.82 and a beta of 2.02.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.47%. Air Lease’s payout ratio is 11.30%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Air Lease by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,048,838 shares of the transportation company’s stock worth $31,685,000 after purchasing an additional 91,899 shares in the last quarter. Norges Bank purchased a new position in Air Lease during the fourth quarter valued at approximately $18,979,000. Amalgamated Bank grew its stake in Air Lease by 2.6% during the fourth quarter. Amalgamated Bank now owns 18,355 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 458 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Air Lease by 43.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 304,714 shares of the transportation company’s stock valued at $9,205,000 after acquiring an additional 92,839 shares in the last quarter. Finally, CI Investments Inc. grew its stake in Air Lease by 103.4% during the fourth quarter. CI Investments Inc. now owns 1,059,900 shares of the transportation company’s stock valued at $32,020,000 after acquiring an additional 538,800 shares in the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.
About Air Lease
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.
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