Analysts Anticipate Air Lease Corp (AL) to Announce $0.87 EPS

Wall Street brokerages expect that Air Lease Corp (NYSE:AL) will announce earnings of $0.87 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Air Lease’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.82. Air Lease reported earnings per share of $0.89 during the same quarter last year, which indicates a negative year-over-year growth rate of 2.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that Air Lease will report full-year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.58. For the next financial year, analysts expect that the business will report earnings of $4.50 per share, with EPS estimates ranging from $3.85 to $4.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Air Lease.

Several research analysts have recently issued reports on the company. Credit Suisse Group upped their price objective on Air Lease from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. ValuEngine cut Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Citigroup assumed coverage on Air Lease in a research report on Friday, December 8th. They set a “neutral” rating and a $46.00 price objective for the company. Zacks Investment Research cut Air Lease from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Cowen upped their price objective on Air Lease from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.40.

In other news, Director Jie Chen sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.81, for a total value of $195,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kishore Korde sold 2,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $44.99, for a total value of $89,980.00. Following the completion of the sale, the executive vice president now directly owns 82,410 shares of the company’s stock, valued at $3,707,625.90. The disclosure for this sale can be found here. Insiders sold a total of 81,000 shares of company stock valued at $3,661,430 over the last three months. Company insiders own 9.76% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of Air Lease by 77.2% in the 4th quarter. Jane Street Group LLC now owns 57,829 shares of the transportation company’s stock valued at $2,781,000 after purchasing an additional 25,203 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Air Lease in the 4th quarter valued at about $280,000. Two Sigma Investments LP lifted its holdings in shares of Air Lease by 196.4% in the 4th quarter. Two Sigma Investments LP now owns 278,917 shares of the transportation company’s stock valued at $13,413,000 after purchasing an additional 184,821 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Air Lease by 5.5% in the 4th quarter. Two Sigma Advisers LP now owns 58,111 shares of the transportation company’s stock valued at $2,795,000 after purchasing an additional 3,055 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Air Lease by 99.9% in the 4th quarter. Guggenheim Capital LLC now owns 14,030 shares of the transportation company’s stock valued at $675,000 after purchasing an additional 7,013 shares during the last quarter. 88.69% of the stock is owned by institutional investors and hedge funds.

Air Lease (NYSE AL) traded up $0.19 on Monday, reaching $46.06. The company had a trading volume of 444,160 shares, compared to its average volume of 630,869. Air Lease has a 1 year low of $34.42 and a 1 year high of $50.70. The firm has a market cap of $4,760.00, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.72 and a beta of 1.70. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06.

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Air Lease Company Profile

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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