Air Lease (AL) to Release Quarterly Earnings on Thursday

Air Lease (NYSE:AL) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Air Lease to post earnings of $0.87 per share for the quarter.

Air Lease (NYSE:AL) opened at $45.92 on Thursday. The company has a market capitalization of $4,740.00, a price-to-earnings ratio of 13.20, a PEG ratio of 0.70 and a beta of 1.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease has a fifty-two week low of $34.42 and a fifty-two week high of $50.70.

In related news, Director Jie Chen sold 4,000 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kishore Korde sold 2,000 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $49.16, for a total value of $98,320.00. Following the completion of the transaction, the executive vice president now owns 78,976 shares of the company’s stock, valued at approximately $3,882,460.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,000 shares of company stock worth $3,661,430. 9.76% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on AL shares. Zacks Investment Research raised Air Lease from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, January 9th. ValuEngine lowered Air Lease from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Citigroup started coverage on Air Lease in a report on Friday, December 8th. They set a “neutral” rating and a $46.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 target price on shares of Air Lease in a report on Thursday, November 2nd. Finally, Bank of America set a $47.00 target price on Air Lease and gave the stock a “hold” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Air Lease presently has an average rating of “Hold” and a consensus price target of $49.40.

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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.

Earnings History for Air Lease (NYSE:AL)

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