Analysts expect that Air Lease Corp (NYSE:AL) will announce $532.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Air Lease’s earnings, with estimates ranging from $520.30 million to $548.63 million. Air Lease posted sales of $450.70 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The business is expected to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Air Lease will report full-year sales of $2.02 billion for the current financial year, with estimates ranging from $1.98 billion to $2.09 billion. For the next financial year, analysts anticipate that the company will post sales of $2.58 billion, with estimates ranging from $2.51 billion to $2.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Air Lease.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, August 8th. The transportation company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.17). The company had revenue of $471.40 million during the quarter, compared to analysts’ expectations of $483.40 million. Air Lease had a net margin of 30.00% and a return on equity of 11.16%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Air Lease from a “hold” rating to a “sell” rating and set a $43.00 price target for the company. in a research report on Friday, August 2nd. Finally, Cowen reissued an “outperform” rating and set a $49.00 price target (down from $50.00) on shares of Air Lease in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.80.

Shares of Air Lease stock traded up $0.19 during midday trading on Friday, hitting $39.24. The company had a trading volume of 285,762 shares, compared to its average volume of 886,831. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.14 and a beta of 1.95. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.43. The company has a fifty day simple moving average of $40.51 and a 200 day simple moving average of $38.21. Air Lease has a 12-month low of $28.13 and a 12-month high of $47.34.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Sunday, September 15th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 12th. Air Lease’s dividend payout ratio (DPR) is 11.30%.

In other news, Chairman Steven F. Udvar-Hazy sold 5,763 shares of Air Lease stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $38.63, for a total transaction of $222,624.69. Following the completion of the transaction, the chairman now directly owns 1,308,378 shares of the company’s stock, valued at approximately $50,542,642.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Steven F. Udvar-Hazy sold 249,991 shares of Air Lease stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $39.25, for a total transaction of $9,812,146.75. Following the transaction, the chairman now directly owns 1,334,842 shares of the company’s stock, valued at $52,392,548.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 903,543 shares of company stock valued at $34,799,271. Insiders own 8.76% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Air Lease by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,198,577 shares of the transportation company’s stock worth $380,269,000 after purchasing an additional 72,123 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Air Lease by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,305,235 shares of the transportation company’s stock worth $130,060,000 after purchasing an additional 289,140 shares during the last quarter. Lyrical Asset Management LP acquired a new stake in Air Lease during the 2nd quarter worth $168,541,000. Royce & Associates LP boosted its stake in Air Lease by 6.8% during the 1st quarter. Royce & Associates LP now owns 3,271,375 shares of the transportation company’s stock worth $112,372,000 after purchasing an additional 209,203 shares during the last quarter. Finally, Ellis Investment Partners LLC boosted its position in shares of Air Lease by 3,293.8% during the 1st quarter. Ellis Investment Partners LLC now owns 2,259,600 shares of the transportation company’s stock valued at $2,259,000 after acquiring an additional 2,193,019 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

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Earnings History and Estimates for Air Lease (NYSE:AL)

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