Air Lease (NYSE:AL) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Air Lease (NYSE:AL - Get Free Report) posted its earnings results on Monday. The transportation company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.27, Briefing.com reports. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. The company had revenue of $738.28 million during the quarter, compared to analysts' expectations of $709.70 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year.

Air Lease Stock Up 0.0 %

Air Lease stock traded up $0.01 during trading on Friday, reaching $53.63. The stock had a trading volume of 1,251,314 shares, compared to its average volume of 767,713. Air Lease has a 52-week low of $38.25 and a 52-week high of $54.70. The business has a 50 day moving average price of $45.93 and a 200 day moving average price of $47.14. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The stock has a market cap of $5.99 billion, a PE ratio of 16.11, a P/E/G ratio of 1.33 and a beta of 1.33.

Air Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.88 annualized dividend and a yield of 1.64%. Air Lease's dividend payout ratio (DPR) is 26.43%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $72.00 to $50.00 in a research note on Friday, March 7th. StockNews.com upgraded Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, UBS Group set a $50.00 price target on shares of Air Lease in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, Air Lease presently has an average rating of "Moderate Buy" and a consensus target price of $55.67.

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.