Brokerages predict that Air Lease Co. (NYSE:AL) will post sales of $512.44 million for the current quarter, according to Zacks. Two analysts have made estimates for Air Lease’s earnings, with estimates ranging from $511.33 million to $513.54 million. Air Lease posted sales of $493.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The company is expected to report its next earnings report on Monday, November 8th.
On average, analysts expect that Air Lease will report full year sales of $2.03 billion for the current financial year, with estimates ranging from $2.03 billion to $2.04 billion. For the next financial year, analysts expect that the business will report sales of $2.59 billion, with estimates ranging from $2.55 billion to $2.64 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Air Lease.
Air Lease (NYSE:AL) last issued its quarterly earnings results on Wednesday, August 4th. The transportation company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.09). The firm had revenue of $491.88 million for the quarter, compared to the consensus estimate of $495.61 million. Air Lease had a net margin of 20.98% and a return on equity of 6.55%.
Shares of NYSE AL opened at $38.79 on Friday. The firm’s 50-day moving average price is $40.61 and its 200-day moving average price is $44.35. Air Lease has a 1-year low of $26.65 and a 1-year high of $52.96. The firm has a market capitalization of $4.43 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.79 and a beta of 2.13. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.54.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Friday, September 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, September 9th. Air Lease’s payout ratio is presently 14.58%.
In related news, Chairman Steven F. Udvar-Hazy bought 2,000 shares of the business’s stock in a transaction dated Tuesday, August 31st. The shares were purchased at an average price of $39.78 per share, with a total value of $79,560.00. Following the purchase, the chairman now owns 1,269,423 shares of the company’s stock, valued at approximately $50,497,646.94. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 6.46% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of AL. Vanguard Group Inc. raised its holdings in shares of Air Lease by 2.2% during the second quarter. Vanguard Group Inc. now owns 9,644,555 shares of the transportation company’s stock valued at $402,564,000 after purchasing an additional 205,093 shares during the last quarter. BlackRock Inc. boosted its position in shares of Air Lease by 1.9% in the first quarter. BlackRock Inc. now owns 6,235,835 shares of the transportation company’s stock worth $305,555,000 after purchasing an additional 118,568 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Air Lease by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,898,632 shares of the transportation company’s stock worth $246,208,000 after acquiring an additional 51,810 shares during the last quarter. Lyrical Asset Management LP boosted its position in shares of Air Lease by 4.7% during the first quarter. Lyrical Asset Management LP now owns 3,616,571 shares of the transportation company’s stock worth $177,212,000 after acquiring an additional 161,629 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Air Lease by 24.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,317,037 shares of the transportation company’s stock worth $138,453,000 after acquiring an additional 646,278 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.
About Air Lease
Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F.
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