Air Lease (NYSE:AL) Releases Earnings Results, Beats Estimates By $0.44 EPS

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

Air Lease Stock Up 6.7 %

Shares of NYSE AL traded up $3.11 on Monday, reaching $49.46. 1,095,357 shares of the company's stock traded hands, compared to its average volume of 597,716. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. The business's 50 day simple moving average is $47.40 and its two-hundred day simple moving average is $46.22. Air Lease has a 12 month low of $39.35 and a 12 month high of $52.31.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.78%. Air Lease's dividend payout ratio (DPR) is presently 20.05%.

Analyst Ratings Changes

A number of equities analysts have commented on AL shares. The Goldman Sachs Group restated a "buy" rating and set a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Air Lease has an average rating of "Moderate Buy" and a consensus target price 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.