Views of Wall Street’s Leading Experts on Air Lease Corp

With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $49.7 whereas the lowest price it dropped to was $48.61. The 52-week range on AL shows that it touched its highest point at $51.77 and its lowest point at $33.33 during that stretch. It currently has a 1-year price target of $54.14. With its current market cap of 5.43 billion, AL has annualized dividend of $0.82 while the current yield stands at 1.68%. Beta for the stock currently stands at 1.64.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AL was down-trending over the past week, with a drop of -0.87%, but this was up by 5.13% over a month. Three-month performance surged to 22.53% while six-month performance rose 32.60%. The stock gained 21.83% in the past year, while it has gained 16.19% so far this year. A look at the trailing 12-month EPS for AL yields 5.15 with Next year EPS estimates of 5.39. For the next quarter, that number is 0.95. This implies an EPS growth rate of -11.24% for this year and 18.10% for next year. EPS is expected to grow by 26.16% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.32%.

Float and Shares Shorts:

At present, 111.03 million AL shares are outstanding with a float of 103.45 million shares on hand for trading. On 2024-03-28, short shares totaled 5.31 million, which was 476.99999999999994 higher than short shares on 1709164800. In addition to Mr. Steven F. Udvar-Hazy as the firm’s Executive Chairman of the Board, Mr. John L. Plueger serves as its CEO, President & Director.

Institutional Ownership:

Through their ownership of 0.91376996 of AL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, AL reported revenue of $716568000.0 and operating income of $213016000.0. The EBITDA in the recently reported quarter was $486129000.0 and diluted EPS was $1.89.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.