AerSale (NASDAQ:ASLE - Get Free Report) announced its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04), Zacks reports. The firm had revenue of $94.74 million for the quarter, compared to analyst estimates of $91.77 million. AerSale had a negative return on equity of 0.24% and a net margin of 0.12%.
AerSale Stock Performance
Shares of NASDAQ:ASLE traded up $1.17 during mid-day trading on Friday, hitting $8.24. The stock had a trading volume of 1,797,708 shares, compared to its average volume of 373,259. The company has a market cap of $438.46 million, a PE ratio of 824.82 and a beta of 0.29. AerSale has a 12-month low of $4.53 and a 12-month high of $9.40. The company's 50 day moving average is $6.73 and its 200-day moving average is $5.95.
Wall Street Analysts Forecast Growth
ASLE has been the topic of a number of research reports. TD Cowen raised shares of AerSale to a "hold" rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Friday.
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AerSale Company Profile
(
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AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).
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