Air Lease (AL) Scheduled to Post Earnings on Thursday

Air Lease (NYSE:AL) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Air Lease Stock Down 0.9 %

Shares of AL opened at $44.37 on Tuesday. Air Lease has a 12 month low of $35.90 and a 12 month high of $52.31. The firm has a market cap of $4.94 billion, a P/E ratio of 9.59, a PEG ratio of 1.32 and a beta of 1.59. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 2.69. The stock’s 50 day moving average is $44.32 and its two-hundred day moving average is $46.36.

Analysts Set New Price Targets

Several research firms recently weighed in on AL. TD Cowen assumed coverage on shares of Air Lease in a report on Monday, July 29th. They issued a “buy” rating and a $58.00 target price for the company. Barclays dropped their target price on Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, August 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.75.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.