AL - Air Lease Corporation

NYSE - NYSE Delayed Price. Currency in USD
42.68
-0.62 (-1.43%)
At close: 4:08PM EDT
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Previous Close43.30
Open43.38
Bid0.00 x 1000
Ask0.00 x 900
Day's Range42.40 - 43.62
52 Week Range28.13 - 46.47
Volume539,307
Avg. Volume751,323
Market Cap4.766B
Beta (3Y Monthly)2.00
PE Ratio (TTM)8.73
EPS (TTM)4.89
Earnings DateNov 6, 2019 - Nov 11, 2019
Forward Dividend & Yield0.52 (1.20%)
Ex-Dividend Date2019-09-12
1y Target Est53.45
Trade prices are not sourced from all markets
  • Business Wire

    Air Lease Corporation Announces Delivery of New Airbus A321-200neo LR Aircraft to Air Astana

    Today Air Lease Corporation announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Air Astana. Featuring Pratt & Whitney PW1133G engines, this aircraft is the first of seven A321-200neo aircraft scheduled to deliver to the airline from ALC’s order book with Airbus.

  • Business Wire

    Air Lease Corporation Announces Delivery of New Boeing 787-9 Aircraft to Neos

    Air Lease Corporation (“ALC”) (AL) announced the delivery of one new Boeing 787-9 aircraft on long-term lease to Neos (Italy). “We are pleased to announce this new Boeing 787-9 delivery to Neos,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

  • Yes, You Can Time the Market. Find out How - September 16, 2019
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    Yes, You Can Time the Market. Find out How - September 16, 2019

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  • Does Air Lease Corporation's (NYSE:AL) CEO Pay Compare Well With Peers?
    Simply Wall St.

    Does Air Lease Corporation's (NYSE:AL) CEO Pay Compare Well With Peers?

    John Plueger became the CEO of Air Lease Corporation (NYSE:AL) in 2016. This analysis aims first to contrast CEO...

  • American City Business Journals

    Boeing buyer Vietnam Airlines wins DOT permit to operate potential Seattle flights (Photos)

    The news comes after the Vietnamese carrier launched an affiliation with Delta Air Lines and the Vietnamese flagship airline took delivery of a first Boeing 787-10 Dreamliner in mid-August.

  • GuruFocus.com

    Air Lease Corp (AL) EVP, Marketing Kishore Korde Sold $856,000 of Shares

    EVP, Marketing of Air Lease Corp (30-Year Financial, Insider Trades) Kishore Korde (insider trades) sold 20,000 shares of AL on 09/09/2019 at an average price of $42.8 a share. Continue reading...

  • Business Wire

    Air Lease Corporation Announces Pricing of Public Offering of $1.1 Billion of Senior Unsecured Medium-Term Notes

    Air Lease Corporation (AL) (the “Company”) announced the pricing on September 9, 2019 of its public offering of $600 million aggregate principal amount of 2.250% senior unsecured medium-term notes due January 15, 2023 (the “2023 Notes”) and $500 million aggregate principal amount of 3.250% senior unsecured medium-term notes due October 1, 2029 (the “2029 Notes” and, together with the 2023 Notes, the “Notes”). The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness. Fifth Third Securities, Inc., J.P. Morgan Securities LLC, SG Americas Securities, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the Notes.

  • Air Lease (AL) Up 4.3% Since Last Earnings Report: Can It Continue?
    Zacks

    Air Lease (AL) Up 4.3% Since Last Earnings Report: Can It Continue?

    Air Lease (AL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • GuruFocus.com

    Air Lease Corp (AL) EVP Grant A Levy Sold $2.2 million of Shares

    EVP of Air Lease Corp (30-Year Financial, Insider Trades) Grant A Levy (insider trades) sold 53,000 shares of AL on 09/05/2019 at an average price of $42.31 a share. Continue reading...

  • 6 Stocks With Low Price-Earnings Ratios
    GuruFocus.com

    6 Stocks With Low Price-Earnings Ratios

    Air Lease tops the list Continue reading...

  • MoneyShow

    Will Boeing's Woes Clip the Wings of Air Lease

    Air Lease (AL) is a perennially cheap stock despite an incredible management team and a history of steady growth, notes growth and income expert Douglas Gerlach, editor of Investor Advisory Service.

  • Business Wire

    Air Lease Corporation Announces Delivery of New Airbus A330-900neo Aircraft to Hi Fly

    Air Lease Corporation (“ALC”) (AL) announced the delivery of one new Airbus A330-900neo aircraft on long-term lease to Hi Fly (Portugal). Featuring Rolls-Royce Trent 7000 engines, this A330-900neo delivered from ALC’s order book with Airbus. “We are pleased to announce the delivery of this new A330-900neo aircraft to Hi Fly today,” said Marc Baer, Executive Vice President of Air Lease Corporation.

  • GuruFocus.com

    Air Lease Corp (AL) EVP Alex A Khatibi Sold $5.7 million of Shares

    EVP of Air Lease Corp (30-Year Financial, Insider Trades) Alex A Khatibi (insider trades) sold 140,000 shares of AL on 08/29/2019 at an average price of $40.83 a share. Continue reading...

  • When Does Market Timing Actually Work? - August 28, 2019
    Zacks

    When Does Market Timing Actually Work? - August 28, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

  • Business Wire

    Air Lease Corporation to Participate in Upcoming September Conferences

    Air Lease Corporation announced today that Executives from the Company will be speaking at the following conferences in September:

  • Does Air Lease Corporation (NYSE:AL) Have A Volatile Share Price?
    Simply Wall St.

    Does Air Lease Corporation (NYSE:AL) Have A Volatile Share Price?

    Anyone researching Air Lease Corporation (NYSE:AL) might want to consider the historical volatility of the share...

  • The 10 Best Cheap Stocks to Buy Right Now
    InvestorPlace

    The 10 Best Cheap Stocks to Buy Right Now

    [Editor's note: "The 10 Best Cheap Stocks to Buy Right Now" was previously published in June 2019. It has since been updated to include the most relevant information available.]For a surprising number of names, the debate about whether a stock is overbought or oversold is 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. * 10 Cheap Dividend Stocks to Load Up On 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.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may be down of late, but I still have confidence in CBS stock anyway. The television giant has 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). At this point, they're just ironing out the details and divvying up the proceeds among the executives.With CBS stock priced at only 5.4 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry. Air Lease (AL)Source: Karen Neoh via FlickrAir 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-term headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand.In May, and for the 12 months ending then, enplanements and total miles flown once again beat forcasted 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 Stocks Under $5 to Buy for Fall Given that trend and outlook, Air Lease is undervalued at its forward P/E of just above 5.8. Micron Technology (MU)Source: Shutterstock Micron Technology (NASDAQ:MU) has been a cheap stocks for awhile, but it's bumping up against being properly valued.It's not an easy idea for some investors to get behind.Micron beat the previous quarter's estimates by more than 30% and looks as if it might be coming out of the chip glut cycle better than it entered it.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 slowed their DRAM expansion plans, and Micron had undertaken a project 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 5.22 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before. Citigroup (C)Source: Shutterstock 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 10, and a forward-looking earnings multiple of 8. This is 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. * 15 Growth Stocks to Buy for the Long Haul As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited. NCR Corporation (NCR)Source: Shutterstock 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 reflects 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 ATMs, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable that the market isn't giving the new NCR enough credit.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. Timken (TKR)Source: Shutterstock 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 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. * 7 Safe Dividend Stocks for Investors to Buy Right Now 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 8.3. General Motors (GM)Source: Shutterstock There's no denying General Motors (NYSE:GM) ran into a headwind four 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 4.25% while it sports a dirt-cheap trailing P/E of 5.9. * 7 Stocks Under $7 to Invest in Now Regardless, the carmaker continues to impress regardless of the stock's valuation. Nicolas Chahine commented, "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…" Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name. Many 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 radiofrequency 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.The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 14.57 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. Terex (TEX)Source: Shutterstock Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyors 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 6.93 after a disappointing second quarter reported in July. 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 after this brief stumble. Capital One (COF)Source: Shutterstock Last but not least, add credit card company Capital One (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. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7.5 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 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.

  • Zuckerberg Sells Shares of Facebook
    GuruFocus.com

    Zuckerberg Sells Shares of Facebook

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  • Fly Leasing (FLY) to Report Q2 Earnings: What's in Store?
    Zacks

    Fly Leasing (FLY) to Report Q2 Earnings: What's in Store?

    Efforts to control selling, general and administrative costs may aid Fly Leasing's (FLY) second-quarter 2019 results.

  • Business Wire

    Air Lease Corporation Announces Delivery of First of Eight Boeing 787-10 Aircraft to Vietnam Airlines

    “ALC”) announced the delivery of one new Boeing 787-10 aircraft on long-term lease to Vietnam Airlines. Featuring GEnx-1B74/75 engines, this Dreamliner aircraft is the first of eight 787-10s confirmed to deliver to Vietnam Airlines through 2021 from ALC’s order book with Boeing. “ALC is extremely pleased to announce this important first 787-10 delivery to Vietnam Airlines with Boeing and be the first lessor to introduce the airline to the -10,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

  • PR Newswire

    Vietnam Airlines Flies Its First Boeing 787-10 Dreamliner

    NORTH CHARLESTON, S.C., Aug. 15, 2019 /PRNewswire/ -- Boeing [NYSE: BA] delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines today via lease from Air Lease Corporation [NYSE: AL]. "Welcoming the largest member of the 787 family to our growing fleet ensures we continue to boast one of the youngest and most modern fleets in Asia and also adds a competitive edge to Vietnam Airlines' operations. The new 787-10 will complement Vietnam Airlines' existing fleet of 787-9 jets.

  • Air Lease Boasts Record Aircraft Investment Despite Manufacturer Delays
    Motley Fool

    Air Lease Boasts Record Aircraft Investment Despite Manufacturer Delays

    The leasing specialist continues to see strong demand from its airline customers in 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of AL earnings conference call or presentation 8-Aug-19 8:30pm GMT

    Q2 2019 Air Lease Corp Earnings Call

  • Air Lease (AL) Stock Down on Q2 Earnings and Revenue Miss
    Zacks

    Air Lease (AL) Stock Down on Q2 Earnings and Revenue Miss

    Air Lease (AL) underperforms in second-quarter 2019 and lowers its projection for 2019 aircraft investments.

  • Air Lease (AL) Q2 Earnings and Revenues Miss Estimates
    Zacks

    Air Lease (AL) Q2 Earnings and Revenues Miss Estimates

    Air Lease (AL) delivered earnings and revenue surprises of -13.39% and -3.35%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?