AerSale (ASLE) Set to Announce Earnings on Wednesday

AerSale (NASDAQ:ASLE - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

AerSale (NASDAQ:ASLE - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.48). The firm had revenue of $94.42 million during the quarter, compared to analyst estimates of $158.30 million. AerSale had a negative net margin of 1.66% and a negative return on equity of 1.82%. On average, analysts expect AerSale to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AerSale Trading Down 0.4 %

Shares of NASDAQ ASLE traded down $0.03 during midday trading on Wednesday, hitting $7.10. The stock had a trading volume of 206,746 shares, compared to its average volume of 596,565. The company has a market capitalization of $376.36 million, a price-to-earnings ratio of -54.62 and a beta of 0.23. AerSale has a 1-year low of $6.26 and a 1-year high of $16.98. The company has a quick ratio of 1.90, a current ratio of 5.79 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $7.56 and a 200 day moving average price of $10.89.

Insider Activity

In other news, insider Nicolas Finazzo acquired 35,277 shares of AerSale stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $7.52 per share, with a total value of $265,283.04. Following the purchase, the insider now directly owns 4,392,204 shares of the company's stock, valued at approximately $33,029,374.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 48,077 shares of company stock valued at $352,363 in the last three months. Corporate insiders own 50.60% of the company's stock.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).