Air Lease Corporation (AL) to Post Q1 2018 Earnings of $1.05 Per Share, DA Davidson Forecasts

Air Lease Corporation (NYSE:AL) – Research analysts at DA Davidson issued their Q1 2018 earnings estimates for Air Lease Corporation in a research report issued on Thursday. DA Davidson analyst A. Cyganovich expects that the brokerage will post earnings per share of $1.05 for the quarter. DA Davidson also issued estimates for Air Lease Corporation’s Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.13 EPS and Q4 2018 earnings at $1.17 EPS.

Other equities research analysts have also issued reports about the stock. Compass Point began coverage on shares of Air Lease Corporation in a research note on Wednesday, January 4th. They set a “buy” rating and a $46.00 target price on the stock. TheStreet raised shares of Air Lease Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, November 29th. FBR & Co increased their target price on shares of Air Lease Corporation from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. Finally, Stephens began coverage on shares of Air Lease Corporation in a research note on Tuesday, November 1st. They set an “overweight” rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.06.

Earnings History and Estimates for Air Lease Corporation (NYSE:AL)

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Air Lease Corporation (NYSE:AL) opened at 38.34 on Friday. Air Lease Corporation has a 52-week low of $24.25 and a 52-week high of $38.44. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 11.64 and a beta of 1.60. The company has a 50-day moving average price of $35.89 and a 200 day moving average price of $32.00.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Air Lease Corporation by 4.2% in the second quarter. Vanguard Group Inc. now owns 6,884,315 shares of the company’s stock valued at $184,363,000 after buying an additional 274,550 shares during the period. Dimensional Fund Advisors LP boosted its stake in Air Lease Corporation by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,394,135 shares of the company’s stock valued at $150,853,000 after buying an additional 235,094 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Air Lease Corporation by 6.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,555,844 shares of the company’s stock valued at $73,046,000 after buying an additional 147,648 shares during the period. Boston Partners boosted its stake in Air Lease Corporation by 6.3% in the third quarter. Boston Partners now owns 2,274,561 shares of the company’s stock valued at $65,007,000 after buying an additional 134,955 shares during the period. Finally, Douglas Lane & Associates LLC boosted its stake in Air Lease Corporation by 9.8% in the third quarter. Douglas Lane & Associates LLC now owns 1,951,455 shares of the company’s stock valued at $55,773,000 after buying an additional 173,597 shares during the period. Institutional investors own 89.98% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Air Lease Corporation (AL) to Post Q1 2018 Earnings of $1.05 Per Share, DA Davidson Forecasts” was first posted by sleekmoney and is the property of of sleekmoney. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this story can be read at http://sleekmoney.com/air-lease-corporation-al-to-post-q1-2018-earnings-of-1-05-per-share-da-davidson-forecasts/1656435.html.

In other Air Lease Corporation news, EVP Alex A. Khatibi sold 10,871 shares of the stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $35.09, for a total value of $381,463.39. Following the completion of the sale, the executive vice president now owns 154,487 shares in the company, valued at approximately $5,420,948.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marc H. Baer sold 3,140 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $35.48, for a total transaction of $111,407.20. Following the completion of the sale, the executive vice president now owns 131,566 shares of the company’s stock, valued at approximately $4,667,961.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,641 shares of company stock valued at $1,056,091. Insiders own 9.45% of the company’s stock.

Air Lease Corporation Company Profile

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 SAS. (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.

5 Day Chart for NYSE:AL

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