Willis Lease Finance (NASDAQ:WLFC) Announces Quarterly Earnings Results

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) issued its quarterly earnings results on Tuesday. The transportation company reported $2.21 EPS for the quarter, missing the consensus estimate of $4.41 by ($2.20), Zacks reports. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%.

Willis Lease Finance Price Performance

WLFC opened at $142.52 on Tuesday. Willis Lease Finance has a 1 year low of $54.87 and a 1 year high of $235.43. The firm's fifty day moving average price is $160.20 and its two-hundred day moving average price is $186.38. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.20 and a beta of 1.13.

Willis Lease Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, May 12th. Willis Lease Finance's payout ratio is 6.50%.

Insider Activity

In other Willis Lease Finance news, CEO Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total transaction of $544,479.00. Following the completion of the transaction, the chief executive officer now directly owns 206,644 shares of the company's stock, valued at $32,612,556.08. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott B. Flaherty sold 1,539 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total transaction of $263,015.10. Following the completion of the transaction, the executive vice president now directly owns 69,296 shares of the company's stock, valued at $11,842,686.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,465 shares of company stock worth $2,439,074 in the last three months. Corporate insiders own 57.02% 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.

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