AerSale (NASDAQ:ASLE – Free Report) had its price objective lowered by Truist Financial from $12.00 to $10.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
AerSale Stock Performance
NASDAQ ASLE traded down $0.05 on Thursday, hitting $5.16. 525,411 shares of the company’s stock traded hands, compared to its average volume of 479,425. The firm’s 50-day moving average price is $6.75 and its two-hundred day moving average price is $7.59. The firm has a market capitalization of $273.53 million, a PE ratio of -508.00 and a beta of 0.25. The company has a current ratio of 7.17, a quick ratio of 2.11 and a debt-to-equity ratio of 0.01. AerSale has a 1-year low of $4.88 and a 1-year high of $16.69.
AerSale (NASDAQ:ASLE – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.15). AerSale had a negative return on equity of 0.87% and a net margin of 0.20%. The business had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $87.66 million. During the same period last year, the business earned ($0.08) EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts expect that AerSale will post 0.32 EPS for the current year.
Institutional Trading of AerSale
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).
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