About Air Lease Corporation (NYSE:AL)
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines. The Company also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The Company provides aircraft to airline customers in various markets, such as Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa and North America. As of December 31, 2016, the Company had 237 owned aircraft and 30 aircraft in its managed fleet portfolio.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Commercial Equipment Rental
- Sub-Industry: Trading Companies & Distributors
- Symbol: NYSE:AL
- CUSIP: 00912X30
- Web: www.airleasecorp.com
- Market Cap: $4.55 billion
- Outstanding Shares: 103,212,000
- 50 Day Moving Avg: $41.81
- 200 Day Moving Avg: $39.16
- 52 Week Range: $29.26 - $44.78
Sales & Book Value:
- Trailing P/E Ratio: 12.85
- Foreward P/E Ratio: 10.86
- P/E Growth: 0.90
- Annual Revenue: $1.47 billion
- Price / Sales: 3.10
- Book Value: $34.47 per share
- Price / Book: 1.28
- Annual Dividend: $0.30
- Dividend Yield: 0.7%
- Net Margins: 25.64%
- Return on Equity: 10.99%
- Return on Assets: 2.64%
- Debt-to-Equity Ratio: 2.61%
- Current Ratio: 0.95%
- Quick Ratio: 0.95%
- Average Volume: 667,008 shs.
- Beta: 1.79
- Short Ratio: 8.18
Frequently Asked Questions for Air Lease Corporation (NYSE:AL)
What is Air Lease Corporation's stock symbol?
Air Lease Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "AL."
How often does Air Lease Corporation pay dividends? What is the dividend yield for Air Lease Corporation?
Air Lease Corporation announced a quarterly dividend on Friday, August 4th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.075 per share on Friday, October 6th. This represents a $0.30 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, September 12th. View Air Lease Corporation's Dividend History.
How were Air Lease Corporation's earnings last quarter?
Air Lease Corporation (NYSE:AL) posted its quarterly earnings data on Thursday, August, 3rd. The company reported $0.92 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.84 by $0.08. The company earned $380.59 million during the quarter, compared to analysts' expectations of $375.14 million. Air Lease Corporation had a net margin of 25.64% and a return on equity of 10.99%. Air Lease Corporation's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. View Air Lease Corporation's Earnings History.
When will Air Lease Corporation make its next earnings announcement?
Where is Air Lease Corporation's stock going? Where will Air Lease Corporation's stock price be in 2017?
8 brokerages have issued twelve-month price objectives for Air Lease Corporation's shares. Their predictions range from $42.00 to $80.00. On average, they anticipate Air Lease Corporation's stock price to reach $50.13 in the next year. View Analyst Ratings for Air Lease Corporation.
Who are some of Air Lease Corporation's key competitors?
Some companies that are related to Air Lease Corporation include ALSTOM (ALSMY), Swire Pacific (SWRAY), LATAM Airlines Group S.A. (LTM), Zto Express (ZTO), XPO Logistics (XPO), Westinghouse Air Brake Technologies Corporation (WAB), Amerco (UHAL), International Consolidated Airlines Group SA (ICAGY), China Southern Airlines Company Limited (ZNH), JetBlue Airways Corporation (JBLU), Cathay Pacific Airways (CPCAY), Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC), Copa Holdings, S.A. (CPA), Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR), Air France KLM SA (AFLYY), Genesee & Wyoming (GWR), Ryder System (R) and Bba Aviation (BBAVY).
Who are Air Lease Corporation's key executives?
Air Lease Corporation's management team includes the folowing people:
- Steven F. Udvar-Hazy, Executive Chairman of the Board
- John L. Plueger, President, Chief Executive Officer, Director
- Gregory B. Willis, Chief Financial Officer, Executive Vice President
- Jie Chen, Executive Vice President, Managing Director of Asia
- Marc H. Baer, Executive Vice President - Marketing and Commercial Affairs
- Grant Allan Levy, Executive Vice President of Marketing and Commercial Affairs
- Robert Aaron Milton, Lead Director, Independent Director
- Matthew J. Hart, Independent Director
- Cheryl Gordon Krongard, Independent Director
- Marshall O. Larsen, Independent Director
Who owns Air Lease Corporation stock?
Air Lease Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (1.74%), Denali Advisors LLC (0.10%) and Leith Wheeler Investment Counsel Ltd. (0.04%). Company insiders that own Air Lease Corporation stock include Alex A Khatibi, Grant A Levy, Ian M Saines, Jie Chen, John D Poerschke, Kishore Korde, Marc H Baer and Robert A Milton. View Institutional Ownership Trends for Air Lease Corporation.
Who sold Air Lease Corporation stock? Who is selling Air Lease Corporation stock?
Air Lease Corporation's stock was sold by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC. Company insiders that have sold Air Lease Corporation stock in the last year include Alex A Khatibi, Grant A Levy, Ian M Saines, Jie Chen, John D Poerschke, Kishore Korde, Marc H Baer and Robert A Milton. View Insider Buying and Selling for Air Lease Corporation.
Who bought Air Lease Corporation stock? Who is buying Air Lease Corporation stock?
How do I buy Air Lease Corporation stock?
Shares of Air Lease Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Air Lease Corporation's stock price today?
MarketBeat Community Rating for Air Lease Corporation (NYSE AL)MarketBeat's community ratings are surveys of what our community members think about Air Lease Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Air Lease Corporation stock can currently be purchased for approximately $44.09.
Consensus Ratings for Air Lease Corporation (NYSE:AL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 5 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.88)|
|Consensus Price Target: ||$50.13 (13.69% upside)|Consensus Price Target History for Air Lease Corporation (NYSE:AL)
Analysts' Ratings History for Air Lease Corporation (NYSE:AL)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Bank of America Corporation||Set Price Target||Hold||$44.00 -> $47.00||N/A|
|9/29/2017||Royal Bank Of Canada||Boost Price Target||Top Pick -> Top Pick||$79.00 -> $80.00||High|
|8/4/2017||Cowen and Company||Boost Price Target||Outperform -> Outperform||$41.00 -> $45.00||High|
|7/10/2017||Barclays PLC||Initiated Coverage||Overweight||$48.00||Medium|
|7/4/2017||Morgan Stanley||Boost Price Target||$40.00 -> $42.00||Low|
|5/15/2017||FBR & Co||Lower Price Target||Outperform||$47.00 -> $45.00||N/A|
|1/4/2017||Compass Point||Initiated Coverage||Buy||$46.00||N/A|
|5/20/2016||Credit Suisse Group||Reiterated Rating||Buy||N/A|
|3/14/2016||Citigroup Inc.||Boost Price Target||Buy||$33.00 -> $50.50||N/A|
|2/19/2016||DA Davidson||Lower Price Target||Buy||$42.00||N/A|
|11/13/2015||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$40.50 -> $41.00||N/A|
Earnings History for Air Lease Corporation (NYSE:AL)Earnings History by Quarter for Air Lease Corporation (NYSE AL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.84||$0.92||$375.14 million||$380.59 million||View||Listen|
|2/23/2017||Q4 2016||$0.86||$0.89||$360.63 million||$370.50 million||View||Listen|
|11/3/2016||Q3||$0.81||$0.86||$356.47 million||$355.10 million||View||Listen|
|2/25/2016||Q415||$0.71||$1.21||$320.34 million||$326.70 million||View||Listen|
|11/5/2015||Q315||$0.70||$0.71||$309.46 million||$313.00 million||View||Listen|
|8/6/2015||Q215||$0.66||$0.70||$303.52 million||$304.70 million||View||Listen|
|5/7/2015||Q115||$0.61||$0.61||$274.98 million||$278.31 million||View||Listen|
|2/26/2015||Q414||$0.61||$0.65||$274.07 million||$285.90 million||View||Listen|
|11/6/2014||Q314||$0.56||$0.58||$261.50 million||$262.00 million||View||Listen|
|8/7/2014||Q214||$0.53||$0.58||$246.16 million||$256.30 million||View||Listen|
|5/8/2014||Q114||$0.51||$0.57||$238.42 million||$246.28 million||View||Listen|
|2/27/2014||Q413||$0.48||$0.55||$226.39 million||$242.90 million||View||Listen|
|11/7/2013||Q313||$0.43||$0.46||$216.12 million||$215.90 million||View||Listen|
|8/8/2013||Q2 2013||$0.41||$0.41||$207.00 million||$207.90 million||View||Listen|
|5/9/2013||Q1 2013||$0.41||$0.38||$195.98 million||$192.00 million||View||Listen|
|2/28/2013||Q4 2012||$0.38||$0.38||$182.08 million||$190.10 million||View||Listen|
|11/8/2012||Q312||$0.33||$0.36||$172.27 million||$174.90 million||View||N/A|
Earnings Estimates for Air Lease Corporation (NYSE:AL)
2017 EPS Consensus Estimate: $3.62
2018 EPS Consensus Estimate: $4.41
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Air Lease Corporation (NYSE:AL)
|Most Recent Dividend:||10/6/2017|
|Dividend Growth:||38.70% (3 Year Average)|
|Payout Ratio:||8.70% (Trailing 12 Months of Earnings) |
8.70% (Based on This Year's Estimates)
7.39% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Air Lease Corporation (NYSE AL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Air Lease Corporation (NYSE:AL)
Insider Ownership Percentage: 9.76%Insider Trades by Quarter for Air Lease Corporation (NYSE:AL)
Institutional Ownership Percentage: 92.16%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||Jie Chen||EVP||Sell||4,000||$43.00||$172,000.00|| |
|9/11/2017||Alex A Khatibi||EVP||Sell||11,000||$40.00||$440,000.00|| |
|8/23/2017||Marc H Baer||EVP||Sell||7,562||$39.72||$300,362.64|| |
|8/8/2017||Jie Chen||EVP||Sell||10,000||$43.00||$430,000.00|| |
|6/13/2017||Grant A Levy||EVP||Sell||27,854||$38.16||$1,062,908.64|| |
|6/1/2017||Kishore Korde||EVP||Sell||2,000||$38.00||$76,000.00|| |
|4/28/2017||Kishore Korde||EVP||Sell||2,000||$38.00||$76,000.00|| |
|3/16/2017||Jie Chen||EVP||Sell||30,000||$39.14||$1,174,200.00|| |
|3/15/2017||John D Poerschke||EVP||Sell||3,959||$39.09||$154,757.31|| |
|12/16/2016||Alex A Khatibi||EVP||Sell||10,871||$35.09||$381,463.39|| |
|12/13/2016||Grant A Levy||EVP||Sell||9,000||$36.06||$324,540.00|| |
|12/5/2016||Ian M. Saines||Director||Sell||6,630||$36.00||$238,680.00|| |
|12/2/2016||Marc H Baer||EVP||Sell||3,140||$35.48||$111,407.20|| |
|11/8/2016||Robert A Milton||Director||Sell||30,000||$31.73||$951,900.00|| |
|1/4/2016||Marc H Baer||EVP||Sell||1,500||$32.62||$48,930.00|| |
|12/1/2015||Marc H Baer||EVP||Sell||1,500||$33.56||$50,340.00|| |
|11/2/2015||Marc H Baer||EVP||Sell||1,500||$33.65||$50,475.00|| |
|10/1/2015||Marc H Baer||EVP||Sell||1,500||$30.91||$46,365.00|| |
|9/1/2015||Marc H Baer||EVP||Sell||1,500||$31.50||$47,250.00|| |
|8/24/2015||Steven F Udvar-Hazy||CEO||Buy||3,000||$30.23||$90,690.00|| |
|7/1/2015||Marc H Baer||EVP||Sell||1,500||$34.04||$51,060.00|| |
|6/15/2015||Marc H Baer||EVP||Sell||1,500||$35.49||$53,235.00|| |
|5/1/2015||Marc H Baer||EVP||Sell||2,000||$38.73||$77,460.00|| |
|4/1/2015||Marc H Baer||EVP||Sell||2,000||$37.65||$75,300.00|| |
|3/2/2015||Marc H Baer||EVP||Sell||2,000||$38.07||$76,140.00|| |
|2/27/2015||Jie Chen||Director||Sell||4,024||$40.18||$161,684.32|| |
|2/2/2015||Marc H Baer||EVP||Sell||2,000||$34.97||$69,940.00|| |
|1/27/2015||Grant A Levy||EVP||Sell||1,500||$35.27||$52,905.00|| |
|1/2/2015||Marc H Baer||EVP||Sell||2,000||$34.53||$69,060.00|| |
|12/1/2014||Marc H Baer||EVP||Sell||2,000||$37.83||$75,660.00|| |
|11/3/2014||Marc H Baer||EVP||Sell||2,000||$36.71||$73,420.00|| |
|10/24/2014||Grant A Levy||EVP||Sell||1,500||$35.00||$52,500.00|| |
|10/1/2014||Marc H Baer||EVP||Sell||2,000||$32.03||$64,060.00|| |
|9/2/2014||Marc H Baer||EVP||Sell||2,000||$38.32||$76,640.00|| |
|9/2/2014||Steven F Udvar-Hazy||CEO||Sell||10,000||$38.09||$380,900.00|| |
|8/8/2014||Steven F Udvar-Hazy||CEO||Sell||10,000||$37.00||$370,000.00|| |
|8/4/2014||Alex A Khatibi||EVP||Sell||1,250||$35.68||$44,600.00|| |
|8/1/2014||Alex A Khatibi||EVP||Sell||1,250||$34.28||$42,850.00|| |
|7/14/2014||Alex A Khatibi||EVP||Sell||2,500||$36.94||$92,350.00|| |
|7/1/2014||Grant A Levy||EVP||Sell||3,000||$38.55||$115,650.00|| |
|7/1/2014||Steven F Udvar-Hazy||CEO||Sell||10,000||$38.48||$384,800.00|| |
|6/16/2014||Marc H Baer||EVP||Sell||2,000||$37.81||$75,620.00|| |
|6/12/2014||John L Plueger||COO||Buy||10,000||$37.98||$379,800.00|| |
|6/11/2014||Cheryl Gordon Krongard||Director||Buy||5,000||$41.00||$205,000.00|| |
|6/2/2014||Grant A Levy||EVP||Sell||3,000||$41.56||$124,680.00|| |
|6/2/2014||Jie Chen||Director||Sell||2,500||$41.62||$104,050.00|| |
|6/2/2014||Steven F Udvar-Hazy||CEO||Sell||23,580||$41.66||$982,342.80|| |
|5/15/2014||Marshall Larsen||Director||Buy||2,500||$39.15||$97,875.00|| |
|5/14/2014||Marc Baer||EVP||Sell||2,000||$39.35||$78,700.00|| |
|5/13/2014||Steven Udvar-Hazy||CEO||Sell||3,100||$40.04||$124,124.00|| |
|5/12/2014||Jie Chen||Director||Sell||5,000||$40.00||$200,000.00|| |
|5/1/2014||Grant Levy||EVP||Sell||3,000||$35.89||$107,670.00|| |
|4/23/2014||Steven Udvar-Hazy||CEO||Sell||6,469||$37.00||$239,353.00|| |
|4/14/2014||Grant Levy||EVP||Sell||3,000||$36.00||$108,000.00|| |
|3/12/2014||John Poerschke||SVP||Sell||5,020||$36.67||$184,083.40|| |
|3/11/2014||Alex Khatibi||EVP||Sell||23,270||$36.98||$860,524.60|| |
|3/5/2014||Marc Baer||EVP||Sell||15,000||$36.62||$549,300.00|| |
|11/26/2013||Wilbur Ross, Jr.||Director||Sell||4,250,000||$28.98||$123,165,000.00|| |
|6/6/2013||Ares Management Llc||Major Shareholder||Sell||3,062,787||$26.75||$81,929,552.25|| |
|6/5/2013||John G Danhakl||Director||Sell||3,062,787||$26.57||$81,378,250.59|| |
|3/14/2013||Ian M Saines||Director||Buy||6,630||$28.42||$188,424.60|| |
Headline Trends for Air Lease Corporation (NYSE:AL)
Latest Headlines for Air Lease Corporation (NYSE:AL)
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Air Lease Corporation (AL) Chart for Monday, October, 23, 2017