AL - Air Lease Corporation
| Previous Close | 33.11 |
| Open | 33.00 |
| Bid | 34.05 x 900 |
| Ask | 34.09 x 800 |
| Day's Range | 32.85 - 34.16 |
| 52 Week Range | 28.13 - 47.34 |
| Volume | 777,618 |
| Avg. Volume | 987,223 |
| Market Cap | 4.115B |
| Beta (3Y Monthly) | 2.07 |
| PE Ratio (TTM) | 7.39 |
| EPS (TTM) | 4.60 |
| Earnings Date | May 8, 2019 - May 13, 2019 |
| Forward Dividend & Yield | 0.52 (1.55%) |
| Ex-Dividend Date | 2019-03-19 |
| 1y Target Est | 52.00 |
- Market Realist•2 days ago
Boeing Got 20 Jet Orders for 787-9 Dreamliner from Lufthansa
Boeing Got 20 Jet Orders for 787-9 Dreamliner from LufthansaReceived orders for 787 series The Boeing Company (BA) received a major order for its wide-body aircraft 787-9 Dreamliner. Lufthansa, the German airline giant, last Wednesday said that it
- Simply Wall St.•7 days ago
Could Air Lease Corporation’s (NYSE:AL) Investor Composition Influence The Stock Price?
If you want to know who really controls Air Lease Corporation (NYSE:AL), then you'll have to look at the makeup of its share registry. Generally speaking, as a company grows,Read More...
- Markit•9 days ago
See what the IHS Markit Score report has to say about Air Lease Corp.
Air Lease Corp NYSE:ALView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for AL with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding AL are favorable, with net inflows of $2.67 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Business Wire•10 days ago
Air Lease Corporation Announces Delivery of Airbus A320-200neo Aircraft with Air New Zealand
“ALC”) announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Air New Zealand. Featuring Pratt & Whitney PW1127G engines, this aircraft is the first of two A320-200neos confirmed to deliver the airline in 2019 from ALC’s order book with Airbus. “We are pleased to be the first to introduce the A320-200neo to Air New Zealand’s fleet and continue the long and excellent relationship that ALC has with the airline,” said Grant Levy, Executive Vice President of Air Lease Corporation.
- Investor's Business Daily•14 days ago
Boeing 797 Jet Is 'Full Speed Ahead,' Air Lease Says, As Dow Giant Plays It Cool
Air Lease said Boeing is "full speed ahead" with its new midrange Boeing 797 jet to counter gains by the narrow-body Airbus' 320neo.
Reuters•15 days agoAir Lease says Boeing signalling 'full speed ahead' for midsized jet
Boeing reiterated on Wednesday that it will make a decision in 2020 on whether to launch the plane, which aims to address the middle of the jet market between traditional narrowbody jets with one aisle and long-distance widebody planes. "Boeing is signalling full speed ahead but there's still a lot to be decided in these programs," Plueger said at a conference, noting the company had met with Boeing in Seattle on Friday. Air Lease, one of the largest aircraft lessors, said it sees interest in Boeing's proposed mid-market aircraft from airlines, some of which are looking for longer range while others, such as Asian carriers, seek the lowest possible cost per seat kilometre.
Reuters•15 days agoAir Lease says Boeing signaling 'full speed ahead' for midsized jet
Boeing reiterated on Wednesday that it will make a decision in 2020 on whether to launch the plane, which aims to address the middle of the jet market between traditional narrowbody jets with one aisle and long-distance widebody planes. "Boeing is signaling full speed ahead but there's still a lot to be decided in these programs," Plueger said at a conference, noting the company had met with Boeing in Seattle on Friday. Air Lease, one of the largest aircraft lessors, said it sees interest in Boeing's proposed mid-market aircraft from airlines, some of which are looking for longer range while others, such as Asian carriers, seek the lowest possible cost per seat kilometer.
- GuruFocus.com•16 days ago
Keeley Funds' Mid-Cap Dividend Value Fund 4th Quarter Commentary
For the quarter ended December 31, 2018, e KEELEY Mid Cap Dividend Value Fund's net asset value ("NAV") per Class A share fell -16.03% compared with a -14.95% decline for the Russell Mid Cap Value Index. Warning! GuruFocus has detected 4 Warning Signs with OGE. NYSE:LW) (LW - $73.56 - NYSE) is one of the largest producers of frozen potato food products (French fries and other starchy goodness).
- SmarterAnalyst•21 days ago
3 Insider Stocks for 2019
By Steve ReitmeisterThis is my latest article in a series sharing my best stock ideas for the year ahead. Last week I highlighted my favorite growth & income stocks. You may also want to check out other recent articles on small caps, tech stocks, large caps and value picks.Few indicators are more powerful than insider transactions. Especially when insiders reach into their own pocket to add more shares, when they already have ample shares in their portfolio. It is well understood that there is only 1 logical reason for these insiders to buy additional shares. That being a great deal of confidence that the share price will be higher in the future, most likely because of their intimate knowledge about the company’s future prospects. Thus, it is wise for investors to follow this breadcrumb trail to find stocks likely to outperform. Each of the 3 stocks below were selected using the exclusive insider data provided on TipRanks.com.Air Lease (AL)I created a screen looking for stocks that enjoy positive readings for Insiders, Bloggers, Hedge Funds and had a price target 20%+ above current levels. That is because I wanted to stack the odds in our favor. From that list the most attractive to me was Air Lease who does pretty much what the name says…provides financing for large commercial aircraft.Airlines is another economically sensitive group. The healthier the economy the more that consumers and businesses will spend on air travel. Thus, the getting is good for the airlines right now pushing them to expand their fleets. On top of that you have a very large number of old planes that are likely to be replaced over the next 5-10 years. This creates a strong pipeline of business for Air Lease.Like I said up top, the prime TipRanks indicators of Insiders, Bloggers and Hedge Funds are all pointing positive. And the value investor in me got a surge of adrenaline when I saw that the average target price stands at $48.50 which is 28% above Tuesday’s close.The most recent earnings report was a reminder to investors that they continue to deliver on growth expectations. The more that message spreads, the greater the odds of enjoying outperformance as these shares move towards these fair value targets. BrightView Holdings (BV)BrightView is a professional landscaping firm. The interesting part of that story is that traditionally landscaping is a highly fragmented business with many small regional operators. However, if you are a larger company you might be interested in contracting with one firm who can handle your needs across the country. Few landscapers can offer that reach and flexibility like BrightView.On top of that they are very active on the M&A front constantly adding other landscaping firms to the BV family. This type of rollup strategy is successful as long as management has a track record of operational efficiency to squeeze out redundancy. That is another check in the plus column for BrightView.Analysts continue to be favorable on the stock seeing ample upside potential. The average target price is $18. However, the top rated analyst covering the firm, Dan Dolev at Nomura, sees $22 as a more likely destination for shares. That represents 67% upside from Tuesday’s closing price.The most intriguing part of this story for me is the 2 recent Insider buys including from the CEO, Andrew Masterson. No doubt Masterson already has a large percentage of his net worth tied up with BV shares. There is only one logical reason for him to reach into his pocket to put another $221,000 on the line. And that is his supreme confidence that the company will outperform expectations in the coming year. That tone was on display in the most recent earnings report when the confirmed guidance above street estimates for the year ahead. Perhaps we should join his lead by raking some BV shares into our portfolio.Jacobs Engineering (JEC)One of the most important themes coming out of the President’s recent State of the Union address is the need to improve the nation’s infrastructure. This is an area of spending with bi-partisan support given clear signs of need for investment in better roads, bridges, airports, energy grid, telecom and more. Jacobs Engineering would be a clear beneficiary of any increase in this infrastructure spending.JEC had a strong earnings report earlier this month showing that the trends for the group are already quite favorable. Not only did they beat estimates, but they also raised guidance for the future. The reason that was possible was a 8% increase in their already impressive backlog of projects. In the construction industry this backlog of business is the key for understanding future growth given that many of these contracts are multi-year projects. The healthier that backlog looks…the more likely they are to produce attractive profits going forward.There are a number of positive TipRanks indicators for JEC starting with Bloggers at 100% bullish. News Sentiment also skews Positive. So too does the action of the Best Individual Investors we measure.The most intriguing indicator though is that both Insiders and Hedge Funds are moving in their direction. In fact, just a few days ago a Director of the company added more shares. This smart money flow is quite encouraging that ample upside lays ahead for these shares. So it makes sense to construct some of these shares into your portfolio.(AL, BV and JEC are just 3 of the stocks I have selected for the Smart Investor portfolio. There you will see many others stocks loaded with positive TipRanks indicators that are primed to outperform in the year ahead. Discover the Smart Investor portfolio here). Disclaimer: In general, I own the stocks that I highlight in commentary. When you think about it…why would you ever take advice from an investment professional who wasn’t willing to put his money where his mouth is? More recent articles from Smarter Analyst: * General Electric's (GE) "Teach-In" Boosts Investor Confidence; RBC Weighs in on the Stock * Cannabis Stock Tilray (TLRY) Goes Negative for the Year; Here's Why * Will New Products Help Spur Fitbit (FIT) Stock Growth? * Is General Electric (GE) Stock Still a Buy for the Long-Term?
- Business Wire•21 days ago
Air Lease Corporation to Participate in J.P. Morgan Aviation, Transportation and Industrials Conference
Air Lease Corporation announced today that Steven F. Udvar-Házy, Executive Chairman, John L. Plueger, Chief Executive Officer and President, and Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be participating in a fireside chat at the J.P.
- Zacks•22 days ago
Zacks.com featured expert Kevin Matras highlights: Domtar, Sallie Mae, Air Lease and United Continental
Zacks.com featured expert Kevin Matras highlights: Domtar, Sallie Mae, Air Lease and United Continental
- Business Wire•23 days ago
Air Lease Corporation Announces Pricing of $250 Million Offering of Preferred Stock
Air Lease Corporation (AL) (the “Company”) announced the pricing today of its public offering of 10,000,000 shares (the “Shares”) of 6.150% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share (the “Series A Preferred Stock”), with a liquidation preference of $25.00 per share, at a price to the public of $25.00 per share before underwriting commissions and transaction expenses. The Company intends to apply to list the Shares on the New York Stock Exchange under the symbol “AL PRA”. If the application is approved, the Company expects trading of the Shares on the New York Stock Exchange to commence within 30 days after the Shares are first issued.
- Zacks•23 days ago
4 High Earnings Yield Stocks to Bolster Your Portfolio
Earnings yield is very useful for spotting undervalued stocks.
- Zacks•23 days ago
Hertz Global (HTZ) Gains on Narrower-Than-Expected Q4 Loss
Hertz Global's (HTZ) impressive fourth-quarter 2018 results can be attributed to solid performance by the U.S. Rental Car segment.
- Zacks•23 days ago
Wabtec (WAB) Up Despite Q4 Earnings Miss, '19 View Solid
Foreign currency fluctuations partly mar Wabtec's (WAB) Q4 results. However, the company issues a strong outlook for 2019, following completion of its merger with GE Transportation.
- Thomson Reuters StreetEvents•27 days ago
Edited Transcript of AL earnings conference call or presentation 21-Feb-19 9:30pm GMT
Q4 2018 Air Lease Corp Earnings Call
- Zacks•27 days ago
Wabtec (WAB) to Foray Into Impressive League of S&P 500
Wabtec's (WAB) inclusion in the much-coveted S&P 500 index is a positive for the stock. This is because the index is widely considered the best single measure of large cap U.S. equities.
- Zacks•27 days ago
Stock Market News For Feb 22, 2019
Wall Street closed sharply lower on Thursday as several economic reports from the United States, Eurozone and Japan raised investors' concerns about an impending global economic slowdown.
- Zacks•27 days ago
Air Lease (AL) Q4 Earnings Top on Fleet Growth, Revenues Lag
Impressive fleet growth aids Air Lease's (AL) Q4 results. However, waning revenues from aircraft sales and trading activity partly affect the numbers.
Motley Fool•28 days agoAir Lease Corp (AL) Q4 2018 Earnings Conference Call Transcript
AL earnings call for the period ending December 31, 2018.
- Associated Press•28 days ago
Air Lease: 4Q Earnings Snapshot
The Los Angeles-based company said it had profit of $1.24 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $1.65 per share. The company that leases planes to airlines ...
- Business Wire•28 days ago
Air Lease Corporation Announces Fiscal Year & Fourth Quarter 2018 Results
Air Lease Corporation announces financial results for the year and three months ended December 31, 2018.
- InvestorPlace•last month
The 10 Best Cheap Stocks to Buy Right Now
With the market up 18% since the late-December low, the argument that stocks -- at least some stocks -- are back to being overvalued and overbought holds at least a little water. Others argue that the rebound rally has only just begun, and valuation isn't yet a problem.The truth is, as usual, somewhere in the middle of the two extremes.For a surprising number of names, however, it's a debate that's largely irrelevant. Some stocks are simply (still) too cheap to overlook, poised to make gains whether or not the broad market's tide helps out in the foreseeable future. For deeply undervalued equities in anything but a wildly bearish environment, the bigger risk is being on the sidelines rather than in a position.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Financial Stocks With Accelerating Growth To that end, here's a rundown of 10 of the market's best cheap stocks to buy right now. In some cases the per-share price is just oddly low. In other cases, prices compared to earnings are well into single-digit territories. In most cases, both qualities apply. In no particular order…Source: NASA Blueshift via Flickr CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may have missed last quarter's revenue and earnings estimates, but shares rallied following the Q4 report anyway because the television giant improved in a big way where it needed to the most … streaming. By 2022, it should have 25 million streaming customers in tow.It's only a sign of the current paradigm shift in how video is delivered to consumers. It's also the reason we've seen a frenzy of M&A within the film and TV arena, the most notable of which is the Walt Disney (NYSE:DIS) acquisition of Twenty-First Century Fox (NASDAQ:FOXA). CBS has also jockeyed to acquire Viacom (NASDAQ:VIAB).With CBS stock priced at only 7.7 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry.Source: Karen Neoh via Flickr Air Lease (AL)Air Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags.Take a closer look at all the data, though, and matters aren't as dire as they may seem. While global economic growth may be running into a near-tern headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand. In November of last year, and for the 12 months ending then, enplanements and total miles flown once again reached record levels. Boeing (NYSE:BA) believes that between now and 2037, the world's airlines will take delivery of more than 42,000 new aircraft. * 10 Hot Stocks Leading the Market's Blitz Higher Given that trend and outlook, Air Lease is undervalued at its trailing P/E of just above 5. Micron Technology (MU)Add Micron Technology (NASDAQ:MU) to a list of cheap stocks to buy before it's no longer cheap.It's not an easy idea for some investors to get behind. The ramp-up of computer memory production has created a price-cutting glut, and it took a toll on Micron's most recently-reported quarter's bottom line. The previous quarter's gross margins of 59% were further projected to slip to between 50% and 53%, versus estimates of 55%.This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power. Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already decided to slow their DRAM expansion plans, and Micron has vowed to cut capital expenditures by more than $1 billion this year. It could take a while for tempered production to restore DRAM prices, but trading at only 6.5 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before.Source: Shutterstock Citigroup (C)Citigroup (NYSE:C), like most bank stocks, had a rough 2018, and though it has bounced this year, the 2019 rally to-date has been subpar. The stock is trading at a trailing P/E of 9.6, and a forward-looking earnings multiple of 7.5 … cheap even by current banking stock standards, which have been abnormally low.The reason for the mismatched price and forecasted earnings is understandable enough. That is, enough investors are convinced interest rates are going to become just a little too high against a backdrop of just a little too much economic weakness. The concern is largely manifested in the flattening yield curve, which is particularly problematic for banks. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited.Source: Flickr NCR Corporation (NCR)You may know the company better as National Cash Register Corporation, even though it changed its name years ago to NCR Corporation (NYSE:NCR). The less-limiting moniker reflect the fact that point-of-sale devices are now much more than a means of completing a sale. Since then, the company has expanded into areas like ATM machines, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable the market isn't giving the new NCR enough credit. Shares are priced at only 8.8 times this year's projected profits.That might have something to do with the fact that outfits like Square (NYSE:SQ) and Paypal (NASDAQ:PYPL) are encroaching in NCR's turf. It's a legitimate concern too. There's a huge subset of companies, however, that will prefer to do business with a long-established name like NCR.Source: Oleg Zaytsev via Flickr Timken (TKR)Timken (NYSE:TKR) is anything but a household name. The company makes ball bearings and industrial transmissions to supply mechanical power where it's needed in a manufacturing environment.It's anything but a riveting (pun fully intended) business. But, it's a business that's starting to grow in earnest again as America's industrial engine revs. After rolling over in 2015 as the nation started to fully transition to a service-oriented economy, the United States began making more goods again in 2016. It's never looked back. * 9 U.S. Stocks That Are Coming to Life Again The paradigm shift has proven to be a boon for Timken, which has grown revenue at a double-digit pace since early 2017. Better still, the new revenue trend has set the stage for earnings growth this year that translates into a projected P/E of only 8.2. General Motors (GM)There's no denying General Motors (NYSE:GM) ran into a headwind three years ago, when "peak auto" became a reality. Though a victim of its own rampant success -- subsequent comparisons have all looked lackluster -- investors tend to only care about how current results stack up against the recent past.Those investors, however, may be unfairly harsh with their treatment of GM stock and its peers. While it remains unclear when we'll see another automobile purchase growth cycle again, General Motors is still a solid cash cow, yielding 3.9% while it sports a dirt cheap trailing P/E of 7.2.Regardless, the car maker continues to impress regardless of the stock's valuation. Nicolas Chahine commented earlier this month "The 2018 barrage of tariff headlines made GM stock a tough trade as it fell sharply off its January 2018 highs. This year so far it has been the total opposite. GM management clearly gave Wall Street reason to rejoice and buy the stock and investors ate it up. This morning, they backed up their claim…"Source: Flickr Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name -- most investors probably haven't heard of it. The company makes communications equipment and industrial lasers, and has a big presence in the fiber optic industry.There has never been a time when the world has needed such high-speed connectivity. As more and more wireless devices compete for a finite amount of radio frequency bandwidth, middlemen are looking for easier and faster ways to offload some of that traffic to physical infrastructure. Fiber optic lines are more than up to the task. * Buy These 5 Stocks to Play the Megatrend of the Century The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 9.4 despite this year's expected revenue growth of 28% and next year's 27%. As time passes though, Lumentum's role in the future of telecom will become clearer.Source: Shutterstock Terex (TEX)Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyers to cranes, Terex has solutions for almost any industrial application.That diversity hasn't helped revenue in a while, with the top line peaking in 2014. The stock has been hit-and-miss since then … more misses than hits.The doubters may have overshot their pessimism though, sending TEX stock to a forward-looking P/E of 10.5 following what should be nearly 17% revenue growth for 2018. While sales growth is expected to slow this year, the company more often than not topped sales and earnings estimates in 2018. It may hold a few pleasant surprises in store this year. Capital One (COF)Last but not least, add credit card company Capital One Financial (NYSE:COF) to your list of cheap stocks to consider here.Like Citigroup, Air Lease and others, investors have been fearful that a slowing economy -- maybe even a shrinking one -- could work against Capital One. In fact, rising interest rates could hit Capital One particularly hard in that situation, as its target market of risky borrowers could be the first to underpay of stop payments altogether should the global economic condition sour. * 7 Financial Stocks With Accelerating Growth It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7 times this year's expected profits, making it one of the cheapest stocks to own in the financial sector. The worst-case scenario is more than priced in.As of this writing, James Brumley held a long position in CBS Corporation. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.
- Zacks•last month
Expeditors' (EXPD) Q4 Earnings Surpass Estimates, Up Y/Y
Expeditors (EXPD) outperforms in the fourth quarter of 2018 on the back of strong performances across all its divisions.
