10-May-2024
TipRanks (Thu, 9-May 8:31 AM ET)
TipRanks (Wed, 8-May 7:30 AM ET)
Air Lease First Quarter Financial Performance Insights
TipRanks (Tue, 7-May 4:28 PM ET)
Benzinga (Tue, 7-May 2:35 PM ET)
Air Lease declares $0.21 dividend
Seeking Alpha News (Tue, 7-May 8:45 AM ET)
TipRanks (Tue, 7-May 7:44 AM ET)
Buy Rating Upheld for Air Lease Amid Strong Earnings and Favorable Market Position
TipRanks (Tue, 7-May 5:20 AM ET)
Air Lease Corporation Announces First Quarter 2024 Results
Business Wire (Mon, 6-May 4:05 PM ET)
Air Lease Corporation Increases Senior Unsecured Revolving Credit Facility to $7.8 Billion
Business Wire (Mon, 29-Apr 6:31 PM ET)
Air Lease Corporation Activity Update for the First Quarter of 2024
Business Wire (Tue, 9-Apr 6:31 AM ET)
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.
Air Lease Class A trades on the NYSE stock market under the symbol AL.
As of May 10, 2024, AL stock price declined to $49.10 with 752,349 million shares trading.
AL has a beta of 0.96, meaning it tends to be less sensitive to market movements. AL has a correlation of 0.22 to the broad based SPY ETF.
AL has a market cap of $5.47 billion. This is considered a Mid Cap stock.
Last quarter Air Lease Class A reported $663 million in Revenue and $1.31 earnings per share. This fell short of revenue expectation by $-17 million and exceeded earnings estimates by $.40.
In the last 3 years, AL stock traded as high as $52.31 and as low as $29.75.
The top ETF exchange traded funds that AL belongs to (by Net Assets): IJR, VTI, VB, AVUV, VBR.
AL has outperformed the market in the last year with a return of +31.4%, while the SPY ETF gained +27.8%. In the last 3 month period, AL beat the market returning +17.3%, while SPY returned +4.2%. However, in the most recent 2 weeks AL has underperformed the stock market by returning -5.0%, while SPY returned +2.5%.
AL support price is $48.88 and resistance is $50.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AL stock will trade within this expected range on the day.