Willis Lease Finance (NASDAQ:WLFC - Get Free Report) issued its quarterly earnings results on Monday. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $1.89 by $0.92, Zacks reports. The company had revenue of $152.80 million during the quarter, compared to analysts' expectations of $145.54 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.
Willis Lease Finance Stock Up 7.2 %
NASDAQ WLFC traded up $10.96 during trading hours on Tuesday, hitting $162.97. 46,351 shares of the company were exchanged, compared to its average volume of 28,880. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 11.55 and a beta of 1.11. The company has a 50 day moving average of $198.15 and a two-hundred day moving average of $180.60. Willis Lease Finance has a 52-week low of $46.70 and a 52-week high of $235.43.
Willis Lease Finance Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a yield of 0.61%. Willis Lease Finance's payout ratio is 7.09%.
Insider Transactions at Willis Lease Finance
In related news, CEO Austin Chandler Willis sold 3,450 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $204.14, for a total transaction of $704,283.00. Following the completion of the transaction, the chief executive officer now owns 158,034 shares in the company, valued at approximately $32,261,060.76. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 57.02% of the company's stock.
About Willis Lease Finance
(
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Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.
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