AerSale (ASLE) Set to Announce Quarterly Earnings on Thursday

AerSale (NASDAQ:ASLE) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

AerSale (NASDAQ:ASLE) last released its earnings results on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.15). AerSale had a negative return on equity of 0.95% and a negative net margin of 0.07%. The company had revenue of $77.10 million for the quarter, compared to analyst estimates of $87.66 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. The company’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 Price Performance

ASLE opened at $5.40 on Thursday. AerSale has a 12 month low of $4.53 and a 12 month high of $16.69. The stock has a market capitalization of $287.32 million, a price-to-earnings ratio of -540.00 and a beta of 0.23. The business has a fifty day moving average price of $5.09 and a 200 day moving average price of $6.21.

Insider Activity

In other news, insider Nicolas Finazzo bought 20,000 shares of AerSale stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $5.36 per share, with a total value of $107,200.00. Following the acquisition, the insider now owns 37,000 shares of the company’s stock, valued at approximately $198,320. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 37.30% of the company’s stock.

Analyst Upgrades and Downgrades

ASLE has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 18th. Royal Bank of Canada decreased 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 decreased their price target on AerSale from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 9th.

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).