A new trading day began on Monday, with Air Lease Corp (NYSE: AL) stock price down -1.52% from the previous day of trading, before settling in for the closing price of $44.64. AL’s price has ranged from $33.33 to $52.31 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 8.59% over the last five years. Meanwhile, its annual earnings per share averaged -34.72%. With a float of $103.93 million, this company’s outstanding shares have now reached $111.03 million.
The firm has a total of 163 workers. Let’s measure their productivity. In terms of profitability, gross margin is 45.31%, operating margin of 51.21%, and the pretax margin is 26.18%.
Air Lease Corp (AL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Rental & Leasing Services Industry. The insider ownership of Air Lease Corp is 6.69%, while institutional ownership is 96.92%. The most recent insider transaction that took place on May 15 ’24, was worth 564,192. In this transaction EVP AND CFO of this company sold 11,270 shares at a rate of $50.06, taking the stock ownership to the 67,099 shares. Before that another transaction happened on Mar 15 ’24, when Company’s EVP sold 11,199 for $47.37, making the entire transaction worth $530,447. This insider now owns 76,300 shares in total.
Air Lease Corp (AL) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.1 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -34.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.95% during the next five years compared to 2.32% growth over the previous five years of trading.
Air Lease Corp (NYSE: AL) Trading Performance Indicators
Here are Air Lease Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.67, a number that is poised to hit 0.79 in the next quarter and is forecasted to reach 4.58 in one year’s time.
Technical Analysis of Air Lease Corp (AL)
Analysing the last 5-days average volume posted by the [Air Lease Corp, AL], we can find that recorded value of 0.57 million was lower than the volume posted last year of 0.99 million. As of the previous 9 days, the stock’s Stochastic %D was 70.24%. Additionally, its Average True Range was 1.00.
During the past 100 days, Air Lease Corp’s (AL) raw stochastic average was set at 40.70%, which indicates a significant decrease from 51.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.08% in the past 14 days, which was lower than the 36.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.31, while its 200-day Moving Average is $45.62. Now, the first resistance to watch is $44.46. This is followed by the second major resistance level at $44.97. The third major resistance level sits at $45.25. If the price goes on to break the first support level at $43.67, it is likely to go to the next support level at $43.39. Should the price break the second support level, the third support level stands at $42.88.
Air Lease Corp (NYSE: AL) Key Stats
With a market capitalization of 4.90 billion, the company has a total of 111,367K Shares Outstanding. Currently, annual sales are 2,685 M while annual income is 614,620 K. The company’s previous quarter sales were 667,290 K while its latest quarter income was 102,950 K.
