Air Lease (NYSE:AL) Releases Earnings Results, Beats Expectations By $0.44 EPS

Air Lease (NYSE:AL) posted its quarterly earnings results on Thursday. The transportation company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44, Zacks reports. Air Lease had a net margin of 19.58% and a return on equity of 8.92%.

Air Lease Stock Up 6.7 %

Shares of Air Lease stock traded up $3.10 on Friday, hitting $49.45. The company had a trading volume of 129,133 shares, compared to its average volume of 604,906. The firm has a market capitalization of $5.51 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease has a twelve month low of $39.35 and a twelve month high of $52.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a 50-day moving average of $47.42 and a 200-day moving average of $46.25.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.78%. Air Lease’s dividend payout ratio (DPR) is presently 20.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

Air Lease Company Profile

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.