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
Current SymbolNYSE:AL
Previous Symbol
CUSIP00912X30
Phone310-553-0555
Debt
Debt-to-Equity Ratio2.48
Current Ratio0.80
Quick Ratio0.80
Price-To-Earnings
Trailing P/E Ratio9.13
Forward P/E Ratio7.22
P/E Growth0.92
Sales & Book Value
Annual Sales$1.45 billion
Price / Sales2.39
Cash Flow$8.4898 per share
Price / Cash Flow3.92
Book Value$39.98 per share
Price / Book0.83
Profitability
EPS (Most Recent Fiscal Year)$3.65
Net Income$756.15 million
Net Margins51.81%
Return on Equity11.44%
Return on Assets2.96%
Miscellaneous
Employees87
Outstanding Shares104,070,000
Market Cap$3.74 billion
OptionableOptionable
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 announced a quarterly dividend on Thursday, November 8th. Investors of record on Thursday, December 13th will be paid a dividend of $0.13 per share on Wednesday, January 9th. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, December 12th. This is a boost from Air Lease's previous quarterly dividend of $0.10. View Air Lease's Dividend History.
How were Air Lease's earnings last quarter?
Air Lease Corp (NYSE:AL) announced its quarterly earnings data on Thursday, November, 8th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.09. The transportation company had revenue of $450.70 million for the quarter, compared to analysts' expectations of $443.01 million. Air Lease had a return on equity of 11.44% and a net margin of 51.81%. The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. View Air Lease's Earnings History.
When is Air Lease's next earnings date?
What price target have analysts set for AL?
12 brokers have issued 1-year price objectives for Air Lease's shares. Their predictions range from $32.00 to $93.00. On average, they anticipate Air Lease's share price to reach $55.05 in the next year. This suggests a possible upside of 65.4% from the stock's current price. View Analyst Price Targets for Air Lease.
What is the consensus analysts' recommendation for Air Lease?
12 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, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Air Lease.
Has Air Lease been receiving favorable news coverage?
Headlines about AL stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Air Lease earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.
Are investors shorting Air Lease?
Air Lease saw a decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,784,788 shares, a decline of 44.0% from the November 15th total of 4,976,050 shares. Based on an average trading volume of 595,298 shares, the short-interest ratio is presently 4.7 days. Currently, 2.8% of the shares of the company are sold short. View Air Lease's Current Options Chain.
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), Rent-A-Center (RCII), Exterran (EXTN), Textainer Group (TGH), CAI International (CAI), General Finance (GFN), Black Diamond Group (BDIMF), MITCHAM INDUSTR/SH (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)
Who are Air Lease's major shareholders?
Air Lease's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.98%), Vanguard Group Inc (7.98%), BlackRock Inc. (3.86%), Dimensional Fund Advisors LP (3.86%), FMR LLC (2.54%) and Royce & Associates LP (2.47%). Company insiders that own Air Lease stock 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 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 Allianz Asset Management GmbH, FMR LLC, Capital Research Global Investors, Strs Ohio, AQR Capital Management LLC, EJF Capital LLC, SCP Investment LP and Denali Advisors LLC. Company insiders that have sold Air Lease company stock in the last year include Grant A Levy, Jie Chen, John D Poerschke, 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 purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Royce & Associates LP, Gagnon Securities LLC, Cannell Peter B & Co. Inc., Beach Investment Counsel Inc. PA, Zweig DiMenna Associates LLC, Prudential Financial Inc. and Point72 Asset Management L.P.. 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 $33.28.
How big of a company is Air Lease?
Air Lease has a market capitalization of $3.74 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.
What is Air Lease's official website?
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.
