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Air Lease (AL)
NYSE:AL
Air Lease (AL) Stock Price & Analysis
642 Followers
AL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.86 - $52.08
Previous Close$49.94
Volume845.80K
Average Volume (3M)797.57K
Market Cap
$5.56B
Enterprise Value$24.49B
Total Cash (Recent Filing)$554.37M
Total Debt (Recent Filing)$19.48B
Price to Earnings (P/E)10.1
Beta1.15
Next Earnings
Aug 01, 2024EPS Estimate
$0.95Last Dividend Ex-Date
Jun 04, 2024Dividend Yield1.66%
Share Statistics
EPS (TTM)4.96
Shares Outstanding111,366,501
10 Day Avg. Volume602,206
30 Day Avg. Volume797,570
Standard Deviation0.12
R-Squared0.51
Alpha-0.00633
Financial Highlights & Ratios
Price to Book (P/B)0.72
Price to Sales (P/S)7.30
Price to Cash Flow (P/CF)3.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.03
Enterprise Value/Gross Profit25.47
Enterprise Value/Ebitda7.74
Forecast
1Y Price Target
$58.40Price Target Upside21.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Air Lease News
PremiumCompany Announcements
Air Lease First Quarter Financial Performance Insights
PremiumCompany Announcements
Air Lease Bolsters Liquidity with $7.8 Billion Credit FacilityBulls Say, Bears Say
Bulls Say
Industry TrendsIndustry trends remain supportive, with like-for-like rates on recently-agreed leasing contracts being 14-15% higher than those signed two years ago.
Lease Rate PremiumsThe counter side of the OE delays poses a significant opportunity for Air Lease to benefit from continued strength in lease rate premiums and used aircraft appreciation.
Shareholder ReturnsThere are upside risks from shareholder friendly uses of cash, considering they have a strong balance sheet and little opportunities to use that in aircraft acquisition.
Bears Say
DeliveriesAir Lease reported a soft quarter for aircraft deliveries, facing challenges across widebodies and narrowbodies, Boeing and Airbus.
InvestmentAircraft investment in the quarter was approximately $940 million, significantly below expectations of $1,403 million due to OEM delays.
RevenueAir Lease's adjusted pre-tax EPS of $1.31 missed consensus estimates of $1.38, primarily due to lower-than-expected lease revenues.
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Ownership Overview
13.74% Insiders
38.23% Mutual Funds
28.15% Other Institutional Investors
19.89% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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AL FAQ
What was Air Lease’s price range in the past 12 months?
Air Lease lowest stock price was $32.86 and its highest was $52.08 in the past 12 months.
What is Air Lease’s market cap?
Currently, no data Available
When is Air Lease’s upcoming earnings report date?
Air Lease’s upcoming earnings report date is Aug 01, 2024 which is in 14 days.
How were Air Lease’s earnings last quarter?
Air Lease released its earnings results on May 06, 2024. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.941 by -$0.071.
Is Air Lease overvalued?
According to Wall Street analysts Air Lease’s price is currently Undervalued.
Does Air Lease pay dividends?
Air Lease pays a Quarterly dividend of $0.21 which represents an annual dividend yield of 1.66%. See more information on Air Lease dividends here
What is Air Lease’s EPS estimate?
Air Lease’s EPS estimate is $0.95.
How many shares outstanding does Air Lease have?
Air Lease has 111,366,500 shares outstanding.
What happened to Air Lease’s price movement after its last earnings report?
Air Lease reported an EPS of $0.87 in its last earnings report, missing expectations of $0.941. Following the earnings report the stock price went down -7.288%.
Which hedge fund is a major shareholder of Air Lease?
Among the largest hedge funds holding Air Lease’s share is Royce & Associates LLC. It holds Air Lease’s shares valued at 147M.
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Air Lease Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$58.40 (21.62% Upside)
$58.40 (21.62% Upside)
Blogger Sentiment
Bullish
AL Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 51.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $564.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 7.5%
Last 30 Days ▲ 7.8%
Last 30 Days ▲ 7.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.27%
12-Months-Change
Fundamentals
Return on Equity
8.50%
Trailing 12-Months
Asset Growth
5.28%
Trailing 12-Months
Company Description
Air Lease
Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F. Udvar-Hazy in January 2010 and is headquartered in Los Angeles, CA.
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AL Earnings Call
Q1 2024
0:00 / 0:00
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AL Stock 12 Month Forecast
Average Price Target
$58.40
▲(21.62% Upside)
Technical Analysis
Best Analysts Covering AL
1 Year
1 Year Success Rate
15/18 ratings generated profit
1 Year Average Return
+20.41%
reiterated a buy rating 2 months ago
Copying Helane Becker's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +20.41% per trade.
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