Air Lease (NYSE:AL - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Air Lease (NYSE:AL - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.41). The firm had revenue of $667.29 million for the quarter, compared to analysts' expectations of $687.93 million. Air Lease had a net margin of 20.85% and a return on equity of 8.97%. On average, analysts expect Air Lease to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Air Lease Stock Down 2.5 %
Air Lease stock traded down $1.13 during trading hours on Thursday, hitting $44.35. The stock had a trading volume of 1,002,270 shares, compared to its average volume of 973,757. The stock has a market capitalization of $4.94 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. Air Lease has a 12-month low of $33.58 and a 12-month high of $52.31. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.69. The stock's 50-day moving average price is $44.36 and its 200-day moving average price is $46.42.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on AL shares. JPMorgan Chase & Co. lowered their target price on shares of Air Lease from $54.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Barclays reduced their price target on shares of Air Lease from $55.00 to $54.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Finally, TD Cowen started coverage on shares of Air Lease in a research report on Monday, July 29th. They set a "buy" rating and a $58.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.75.
Check Out Our Latest Analysis on Air Lease
About Air Lease
(
Get Free Report)
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.
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