Air Lease (AL) Set to Announce Earnings on Thursday

Air Lease (NYSE:AL) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Air Lease to post earnings of $1.17 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Air Lease Trading Down 0.9 %

AL opened at $44.37 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 2.69. The company has a market cap of $4.94 billion, a P/E ratio of 9.59, a PEG ratio of 1.32 and a beta of 1.59. Air Lease has a 1-year low of $35.90 and a 1-year high of $52.31. The company’s 50 day moving average is $44.32 and its 200-day moving average is $46.36.

Analysts Set New Price Targets

AL has been the topic of a number of research analyst reports. TD Cowen assumed coverage on Air Lease in a report on Monday, July 29th. They set a “buy” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on Air Lease from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Barclays cut their price target on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Air Lease has an average rating of “Moderate Buy” and an average target price of $54.75.

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.