$0.87 EPS Expected for Air Lease Corp (AL)

October 14, 2017 - By Darrin Black

 $0.87 EPS Expected for Air Lease Corp (AL)
Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.22, from 0.93 in 2017Q1. It increased, as 39 investors sold Air Lease Corp shares while 65 reduced holdings. 37 funds opened positions while 83 raised stakes. 90.69 million shares or 0.16% less from 90.84 million shares in 2017Q1 were reported.
Arrowgrass Prns (Us) Lp accumulated 56,100 shares. Bartlett Limited Liability Company holds 0% of its portfolio in Air Lease Corp (NYSE:AL) for 1,900 shares. Mogy Joel R Investment Counsel Inc reported 7,100 shares stake. Segall Bryant Hamill Ltd Liability Co accumulated 1.28 million shares. Sterling Ltd Liability invested 0.04% of its portfolio in Air Lease Corp (NYSE:AL). Oppenheimer & stated it has 126,190 shares. 1832 Asset Mgmt Lp stated it has 1.18M shares or 0.2% of all its holdings. 12,875 were accumulated by Paloma Prns Mgmt. Oz Management L P owns 146,150 shares or 0.03% of their US portfolio. Farr Miller & Washington Ltd Liability Dc holds 0.03% or 6,900 shares. Tiedemann Wealth Management Ltd Llc invested 0.03% of its portfolio in Air Lease Corp (NYSE:AL). France-based Credit Agricole S A has invested 0% in Air Lease Corp (NYSE:AL). Nfc Invs Limited Liability holds 5.22% of its portfolio in Air Lease Corp (NYSE:AL) for 393,710 shares. Rhumbline Advisers accumulated 91,427 shares. Skba Mgmt Ltd Liability Corporation stated it has 9,080 shares or 0.05% of all its holdings.

Since June 1, 2017, it had 0 insider purchases, and 2 sales for $1.14 million activity. On Thursday, June 1 Korde Kishore sold $76,000 worth of Air Lease Corp (NYSE:AL) or 2,000 shares.

Analysts await Air Lease Corp (NYSE:AL) to report earnings on November, 2. They expect $0.87 earnings per share, up 1.16 % or $0.01 from last year’s $0.86 per share. AL’s profit will be $89.78 million for 12.78 P/E if the $0.87 EPS becomes a reality. After $0.92 actual earnings per share reported by Air Lease Corp for the previous quarter, Wall Street now forecasts -5.43 % negative EPS growth. The stock increased 0.68% or $0.3 during the last trading session, reaching $44.48. About 365,191 shares traded. Air Lease Corp (NYSE:AL) has risen 29.12% since October 14, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.

Air Lease Corp (NYSE:AL) Ratings Coverage

Among 12 analysts covering Air Lease (NYSE:AL), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Air Lease had 31 analyst reports since August 7, 2015 according to SRatingsIntel. FBR Capital maintained the shares of AL in report on Friday, November 4 with “Outperform” rating. The firm has “Outperform” rating by FBR Capital given on Friday, August 5. RBC Capital Markets maintained the stock with “Top Pick” rating in Friday, September 29 report. Credit Suisse maintained Air Lease Corp (NYSE:AL) on Monday, December 28 with “Outperform” rating. The firm has “Outperform” rating given on Friday, February 24 by Cowen & Co. Cowen & Co maintained Air Lease Corp (NYSE:AL) on Tuesday, September 5 with “Buy” rating. The rating was upgraded by JP Morgan to “Overweight” on Friday, November 13. The stock of Air Lease Corp (NYSE:AL) has “Buy” rating given on Friday, August 7 by Deutsche Bank. The stock of Air Lease Corp (NYSE:AL) earned “Outperform” rating by FBR Capital on Tuesday, November 22. The stock of Air Lease Corp (NYSE:AL) earned “Top Pick” rating by RBC Capital Markets on Friday, November 6.

Air Lease Corporation is an aircraft leasing company. The company has market cap of $4.59 billion. The Firm is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company and Airbus S.A.S. (Airbus), and leasing those aircraft to airlines across the world. It has a 12.95 P/E ratio. 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.

More news for Air Lease Corp (NYSE:AL) were recently published by: Globenewswire.com, which released: “Air Lease Corporation Announces Third Quarter 2017 Earnings Conference Call” on October 05, 2017. Globenewswire.com‘s article titled: “Air Lease Corporation Announces Lease Placement of One Additional New Airbus …” and published on October 12, 2017 is yet another important article.

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