AerSale (ASLE) Scheduled to Post Earnings on Thursday

AerSale (NASDAQ:ASLE - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect AerSale to post earnings of $0.05 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

AerSale (NASDAQ:ASLE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.15). AerSale had a negative net margin of 0.07% and a negative return on equity of 0.95%. The business had revenue of $77.10 million for the quarter, compared to the consensus estimate of $87.66 million. During the same quarter in the previous year, the company earned ($0.08) EPS. AerSale's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect AerSale to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AerSale Stock Down 2.6 %

Shares of ASLE stock traded down $0.14 during trading hours on Thursday, reaching $5.26. 218,099 shares of the company's stock were exchanged, compared to its average volume of 465,660. The business has a fifty day moving average price of $5.09 and a 200-day moving average price of $6.21. The stock has a market capitalization of $279.87 million, a P/E ratio of -530.00 and a beta of 0.23. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $16.69.

Insider Buying and Selling

In other AerSale news, insider Nicolas Finazzo purchased 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $5.36 per share, for a total transaction of $107,200.00. Following the transaction, the insider now directly owns 37,000 shares in the company, valued at approximately $198,320. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 37.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASLE. Truist Financial decreased their price target on shares of AerSale from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Royal Bank of Canada cut their price target on AerSale from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Thursday, August 8th. Finally, Stifel Nicolaus cut their target price on AerSale from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 9th.

AerSale Company Profile

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).