Air Lease (AL) Expected to Announce Earnings on Thursday

Air Lease (NYSE:AL) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Air Lease to post earnings of $0.82 per share and revenue of $704.97 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Air Lease Stock Performance

NYSE:AL opened at $45.76 on Wednesday. Air Lease has a twelve month low of $39.35 and a twelve month high of $52.31. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The company has a 50-day moving average of $47.62 and a 200-day moving average of $46.25. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.