Air Lease (AL) Earning Somewhat Favorable Media Coverage, Report Shows
Headlines about Air Lease (NYSE:AL) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Air Lease earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 44.9454886192864 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Marc H. Baer Sells 5,000 Shares of Air Lease Corp (AL) Stock (americanbankingnews.com)
- Stocks With Rising Relative Strength: Air Lease (finance.yahoo.com)
- Air Lease (AL) Downgraded to “Hold” at ValuEngine (americanbankingnews.com)
- Boeing, LOT Polish Airlines Celebrate Delivery of 737 MAX – Markets Insider (markets.businessinsider.com)
- Air Lease Corporation takes Delivery of its First new Boeing 737 MAX NYSE:AL (menafn.com)
Several brokerages have recently commented on AL. ValuEngine cut shares of Air Lease from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $80.00 target price on shares of Air Lease in a report on Thursday, November 2nd. Bank of America set a $47.00 target price on shares of Air Lease and gave the stock a “hold” rating in a report on Thursday, October 19th. Credit Suisse Group raised their target price on shares of Air Lease from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, UBS raised their target price on shares of Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.78.
Shares of Air Lease (NYSE:AL) traded up $0.31 during trading on Thursday, reaching $43.86. 389,658 shares of the company’s stock were exchanged, compared to its average volume of 737,997. Air Lease has a 1 year low of $34.21 and a 1 year high of $45.15. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $4,500.00, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.33 and a beta of 1.82.
Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $376.77 million for the quarter, compared to analyst estimates of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. Air Lease’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. research analysts expect that Air Lease will post 3.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, December 13th. This is a positive change from Air Lease’s previous quarterly dividend of $0.08. Air Lease’s payout ratio is 8.62%.
In related news, EVP Alex A. Khatibi sold 11,000 shares of Air Lease stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $440,000.00. Following the completion of the transaction, the executive vice president now owns 142,786 shares of the company’s stock, valued at $5,711,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc H. Baer sold 5,000 shares of Air Lease stock in a transaction on Monday, December 4th. The stock was sold at an average price of $44.13, for a total transaction of $220,650.00. Following the transaction, the executive vice president now directly owns 127,001 shares of the company’s stock, valued at approximately $5,604,554.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 326,000 shares of company stock worth $13,490,490. 9.76% of the stock is owned by company insiders.
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About Air Lease
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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