Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2017, the company owned a fleet of 244 aircraft, including 188 narrowbody jet aircraft and 56 widebody jet aircraft. Air Lease Corporation was founded in 2010 and is based in Los Angeles, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Equipment rental & leasing, not elsewhere classified
Sub-IndustryTrading Companies & Distributors
SectorTransportation
SymbolNYSE:AL
CUSIP00912X30
Phone310-553-0555
Debt
Debt-to-Equity Ratio2.53
Current Ratio0.85
Quick Ratio0.85
Price-To-Earnings
Trailing P/E Ratio12.45
Forward P/E Ratio10.22
P/E Growth1.4
Sales & Book Value
Annual Sales$1.45 billion
Price / Sales3.26
Cash Flow$9.2398 per share
Price / Cash4.92
Book Value$39.98 per share
Price / Book1.14
Profitability
EPS (Most Recent Fiscal Year)$3.65
Net Income$756.15 million
Net Margins51.22%
Return on Equity10.85%
Return on Assets2.78%
Miscellaneous
Employees87
Outstanding Shares104,070,000
Market Cap$4.69 billion
Air Lease (NYSE:AL) Frequently Asked Questions
What is Air Lease's stock symbol?
Air Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "AL."
How often does Air Lease pay dividends? What is the dividend yield for Air Lease?
Air Lease declared a quarterly dividend on Friday, August 10th. Shareholders of record on Friday, September 14th will be given a dividend of $0.10 per share on Friday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, September 13th. View Air Lease's Dividend History.
How were Air Lease's earnings last quarter?
Air Lease Corp (NYSE:AL) posted its quarterly earnings results on Thursday, August, 9th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $1.04. The transportation company earned $397.80 million during the quarter, compared to analysts' expectations of $400.11 million. Air Lease had a net margin of 51.22% and a return on equity of 10.85%. The company's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. View Air Lease's Earnings History.
When is Air Lease's next earnings date?
What price target have analysts set for AL?
10 Wall Street analysts have issued 1-year price targets for Air Lease's stock. Their predictions range from $32.00 to $93.00. On average, they expect Air Lease's share price to reach $55.9444 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets for Air Lease.
What is the consensus analysts' recommendation for Air Lease?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last year. There are currently 1 sell rating, 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Air Lease.
Who are some of Air Lease's key competitors?
Some companies that are related to Air Lease include United Rentals (URI), AerCap (AER), Aaron's (AAN), Triton International (TRTN), Aircastle (AYR), McGrath RentCorp (MGRC), Exterran (EXTN), Textainer Group (TGH), Rent-A-Center (RCII), CAI International (CAI), General Finance Co. Common Stock (GFN), Black Diamond Group (BDIMF), Mitcham Industries (MIND), Quest Resource (QRHC) and FlexShopper (FPAY).
Who are Air Lease's key executives?
Air Lease's management team includes the folowing people:
- Mr. Steven F. Udvar-Házy, Exec. Chairman (Age 72)
- Mr. John L. Plueger, CEO, Pres & Director (Age 64)
- Mr. Gregory B. Willis II, CPA, Exec. VP & CFO (Age 39)
- Mr. Grant A. Levy, Exec. VP of Marketing & Commercial Affairs (Age 55)
- Mr. Jie Chen, Exec. VP & MD of Asia (Age 54)
Has Air Lease been receiving favorable news coverage?
Headlines about AL stock have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Air Lease earned a coverage optimism score of 0.09 on Accern's scale. They also assigned media stories about the transportation company an impact score of 46.37 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View Recent Headlines for Air Lease.
Who are Air Lease's major shareholders?
Air Lease's stock is owned by a number of of institutional and retail investors. Top institutional investors include Boston Partners (8.40%), Artisan Partners Limited Partnership (5.80%), Dimensional Fund Advisors LP (3.90%), BlackRock Inc. (3.88%), FMR LLC (3.36%) and Royce & Associates LP (2.32%). Company insiders that own Air Lease stock include Alex A Khatibi, Grant A Levy, Ian M Saines, Jie Chen, John D Poerschke, John L Plueger, Kishore Korde, Marc H Baer, Robert A Milton and Steven F Udvar-Hazy. View Institutional Ownership Trends for Air Lease.
Which institutional investors are selling Air Lease stock?
AL stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, EJF Capital LLC, Quantum Capital Management, Artisan Partners Limited Partnership, Chicago Equity Partners LLC, Federated Investors Inc. PA, Dimensional Fund Advisors LP and SG Americas Securities LLC. Company insiders that have sold Air Lease company stock in the last year include Alex A Khatibi, Grant A Levy, Jie Chen, John D Poerschke, John L Plueger, Kishore Korde, Marc H Baer and Steven F Udvar-Hazy. View Insider Buying and Selling for Air Lease.
Which institutional investors are buying Air Lease stock?
AL stock was acquired by a variety of institutional investors in the last quarter, including Cannell Peter B & Co. Inc., Royce & Associates LP, Millennium Management LLC, Earnest Partners LLC, Beach Investment Counsel Inc. PA, Hahn Capital Management LLC, FMR LLC and Boston Partners. View Insider Buying and Selling for Air Lease.
How do I buy shares of Air Lease?
Shares of AL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Air Lease's stock price today?
One share of AL stock can currently be purchased for approximately $45.46.
How big of a company is Air Lease?
Air Lease has a market capitalization of $4.69 billion and generates $1.45 billion in revenue each year. The transportation company earns $756.15 million in net income (profit) each year or $3.65 on an earnings per share basis. Air Lease employs 87 workers across the globe.
How can I contact Air Lease?
Air Lease's mailing address is 2000 AVENUE OF THE STARS SUITE 1000-N, LOS ANGELES CA, 90067. The transportation company can be reached via phone at 310-553-0555 or via email at [email protected]
MarketBeat Community Rating for Air Lease (NYSE AL)
MarketBeat's community ratings are surveys of what our community members think about Air Lease and other stocks. Vote "Outperform" if you believe AL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AL will underperform the S&P 500 over the long term. You may vote once every thirty days.
