Air Lease (AL) to Release Quarterly Earnings on Thursday

Air Lease (NYSE:AL) is anticipated to release its earnings data 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Air Lease Stock Up 1.1 %

Shares of NYSE AL opened at $45.51 on Thursday. The company has a 50 day simple moving average of $47.99 and a 200 day simple moving average of $46.34. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43. Air Lease has a 1 year low of $39.35 and a 1 year high of $52.31. The firm has a market cap of $5.07 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group restated a “buy” rating and issued a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Air Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

About Air Lease

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.