Air Lease (NYSE:AL) Issues Quarterly Earnings Results, Beats Estimates By $0.44 EPS

Air Lease (NYSE:AL) announced its earnings results on Thursday. The transportation company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.82 by $0.44, Zacks reports. Air Lease had a net margin of 19.58% and a return on equity of 8.92%.

Air Lease Stock Performance

Shares of AL traded up $3.10 during midday trading on Friday, reaching $49.45. The stock had a trading volume of 129,133 shares, compared to its average volume of 604,906. The firm has a 50 day simple moving average of $47.42 and a 200-day simple moving average of $46.25. Air Lease has a one year low of $39.35 and a one year high of $52.31. The firm has a market cap of $5.51 billion, a PE ratio of 11.25, a P/E/G ratio of 1.00 and a beta of 1.59. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.78%. Air Lease’s dividend payout ratio (DPR) is presently 20.05%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.60.

About Air Lease

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.