Headlines about Air Lease (NYSE:AL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media 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 -1 to 1, with scores closest to one being the most favorable. Air Lease earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.3560641293588 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Air Lease Corp. delivers first Airbus A321-200neo aircraft to S7 Airlines (financial-news.co.uk)
- Air Lease Corporation Announces Delivery of Boeing 787-9 Aircraft with LOT Polish Airlines (finance.yahoo.com)
- Air Lease Corporation Announces Delivery of Airbus A321-200neo Aircraft with S7 Airlines (finance.yahoo.com)
- Erdogan gets another lease on authoritarianism (washingtonpost.com)
- Relative Strength Alert For Air Lease (nasdaq.com)
Shares of NYSE:AL opened at $41.97 on Friday. Air Lease has a 52-week low of $37.14 and a 52-week high of $50.70. The stock has a market capitalization of $4.31 billion, a P/E ratio of 10.69, a PEG ratio of 1.27 and a beta of 1.73. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.97 and a quick ratio of 0.97.
Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, May 10th. The transportation company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The firm had revenue of $381.20 million for the quarter, compared to analysts’ expectations of $379.74 million. Air Lease had a net margin of 50.86% and a return on equity of 11.03%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. sell-side analysts expect that Air Lease will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Tuesday, June 5th will be given a $0.10 dividend. The ex-dividend date is Monday, June 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. Air Lease’s dividend payout ratio is currently 10.96%.
Several research firms have weighed in on AL. Morgan Stanley raised their target price on Air Lease from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 12th. Macquarie began coverage on Air Lease in a research note on Tuesday, March 13th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered Air Lease from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. ValuEngine raised Air Lease from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Finally, Bank of America raised Air Lease from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.35.
In other Air Lease news, EVP Grant A. Levy sold 27,000 shares of Air Lease stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $45.05, for a total value of $1,216,350.00. Following the completion of the sale, the executive vice president now directly owns 195,399 shares of the company’s stock, valued at $8,802,724.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John D. Poerschke sold 12,144 shares of Air Lease stock in a transaction on Monday, June 4th. The shares were sold at an average price of $44.98, for a total transaction of $546,237.12. Following the completion of the sale, the executive vice president now directly owns 43,500 shares of the company’s stock, valued at $1,956,630. The disclosure for this sale can be found here. Insiders sold 44,144 shares of company stock worth $1,990,187 in the last 90 days. Company insiders own 9.32% of the company’s stock.
About Air Lease
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.
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