Air Lease Corporation (NYSE:AL) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AL is expected to report 3Q20 income of $ 1.06 per share from revenue of $ 506.28 million.
For the full year, analysts anticipate top line of $ 2070.57 million, while looking forward to income of $ 4.78 per share bottom line.
Previous Quarter Performance
Air Lease Corporation announced income for the second quarter of $ 1.71 per share, from the revenue of $ 521.35 million. The quarterly earnings extended 13.25 percent while revenues up 10.60 percent compared with the same quarter last year.
Wall street analysts are predicting, AL to report 2Q20 income of $ 1.06 per share from revenue of $ 498.65 million. The bottom line results beat street analysts by $ 0.65 or 61.32 percent, at the same time, top line results outshined analysts by $ 22.70 million or 4.55 percent.
Stock Performance
On Friday, shares of Air Lease Corporation has traded high as $ 31.17 and has cracked $ 29.85 on the downward trend, reaching $ 30.59 with volume of 583.90 thousand shares.
According to the previous trading day, closing price of $ 30.59, representing a 265.87 % increase from the 52 week low of $ 8.41 and a 38.41 % decrease over the 52 week high of $ 49.96.
The company has a market capital of $ 3.48 billion and is part of the Services sector and Rental & Leasing Services industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.15 per share to holders of record as of the close of business on September 11, 2020, with payment date of October 9, 2020 and ex-dividend date on September 10, 2020.
Conference Call
Air Lease Corporation will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.airleasecorp.com
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios.
