Air Lease (NYSE:AL) Posts Quarterly Earnings Results

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

Air Lease Stock Performance

AL traded up $3.11 during trading on Friday, hitting $49.46. The stock had a trading volume of 1,095,357 shares, compared to its average volume of 597,716. The company has a 50 day moving average price of $47.41 and a 200-day moving average price of $46.25. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease has a one year low of $39.35 and a one year high of $52.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43.

Air Lease Announces Dividend

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

Wall Street Analyst Weigh In

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