Willis Lease Finance (NASDAQ:WLFC) Announces Quarterly Earnings Results, Misses Estimates By $2.20 EPS

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) announced its quarterly earnings results on Tuesday. The transportation company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $4.41 by ($2.20), Zacks reports. The firm had revenue of $157.73 million during the quarter, compared to analyst estimates of $149.00 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.

Willis Lease Finance Stock Performance

WLFC traded up $3.59 on Friday, reaching $139.74. The company had a trading volume of 52,612 shares, compared to its average volume of 35,509. The company's fifty day moving average is $155.16 and its 200 day moving average is $184.93. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The stock has a market cap of $1.07 billion, a P/E ratio of 9.90 and a beta of 1.13. Willis Lease Finance has a fifty-two week low of $58.63 and a fifty-two week high of $235.43.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 0.72%. Willis Lease Finance's dividend payout ratio is 6.85%.

Insider Transactions at Willis Lease Finance

In other news, CEO Austin Chandler Willis sold 3,450 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total value of $544,479.00. Following the completion of the sale, the chief executive officer now owns 206,644 shares of the company's stock, valued at approximately $32,612,556.08. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott B. Flaherty sold 1,539 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total transaction of $263,015.10. Following the transaction, the executive vice president now directly owns 69,296 shares in the company, valued at approximately $11,842,686.40. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,465 shares of company stock worth $2,439,074 over the last quarter. Company insiders own 53.85% of the company's stock.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.