AerSale (NASDAQ:ASLE) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

AerSale (NASDAQ:ASLE) announced its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15), Briefing.com reports. The company had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $87.66 million. AerSale had a net margin of 0.20% and a negative return on equity of 0.87%. AerSale’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) earnings per share.

AerSale Price Performance

NASDAQ ASLE traded down $0.05 during trading hours on Friday, reaching $5.16. The company’s stock had a trading volume of 525,412 shares, compared to its average volume of 479,425. The firm has a market capitalization of $273.53 million, a price-to-earnings ratio of -516.00 and a beta of 0.25. The company’s 50-day moving average is $6.70 and its two-hundred day moving average is $7.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.17 and a quick ratio of 2.11. AerSale has a 1-year low of $4.88 and a 1-year high of $16.69.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial decreased their price target on AerSale from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada cut their target price on shares of AerSale from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Stifel Nicolaus lowered their price target on shares of AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday.

About AerSale

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).