Ultime notizie per Air Lease (NYSE:AL) Azioni

Air Lease

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 Corporation Class A Common Stock

Air Lease Corp

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Goldman Sachs analyst Catherine O'Brien reinstates Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Buy and announces $65 price target.

News

Price Target

Initiation

Analyst Ratings

Goldman Sachs Reinstates Buy on Air Lease, Announces $65 Price Target

JP Morgan analyst Jamie Baker maintains Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Overweight and raises the price target from $52 to $56.

JP Morgan Maintains Overweight on Air Lease, Raises Price Target to $56

Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $0.79 by 58.23 percent. The company reported quarterly sales of $690.16 million which beat the analyst consensus estimate of $676.82 million by 1.97 percent. This is a 4.67 percent increase over sales of $659.36 million the same period last year.

Earnings

Earnings Beats

Air Lease Q3 2024 Adj EPS $1.25 Beats $0.79 Estimate, Sales $690.16M Beat $676.82M Estimate

Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Air Lease will report an earnings per share (EPS) of $0.79.
The announcement from Air Lease is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.30, leading to a 13.83% drop in the share price on the subsequent day.
Here's a look at Air Lease's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.93</td>
<td>0.91</td>
<td>1.08</td>
<td>1.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.23</td>
<td>1.31</td>
<td>1.92</td>
<td>1.59</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-14.000000000000002%</td>
<td>-7.000000000000001%</td>
<td>-5.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730905390_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Air Lease were trading at $45.1 as of November 05. Over the last 52-week period, shares are up 28.77%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AL/earnings">To track all earnings releases for Air Lease visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Air Lease's Future Earnings

Air Lease's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) short percent of float has fallen 10.1% since its last report. The company recently reported that it has 2.87 million shares sold short, which is 2.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Air Lease Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728937817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Air Lease has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Air Lease's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Air Lease's peer group average for short interest as a percentage of float is 4.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Air Lease?

This is the first A220 aircraft to deliver on long-term lease to TAAG and is the first of six new A220-300s confirmed to deliver to the airline from ALC&#39;s orderbook with Airbus.

Air Lease Reports Delivery Of One New Airbus A220-300 To TAAG Angola Airlines

Shares of Pittsburgh, PA-based company Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), have been benefiting from its consistent shareholder-friendly initiatives, as well as strength across its Freight and Transit segments. Bullish full-year 2024 earnings guidance looks encouraging and raises optimism about the stock.
The positive sentiment surrounding WAB stock is evident from the fact that the Zacks Consensus Estimate for the third quarter and full-year 2024 earnings has been revised upward in the past 60 days. The Zacks Consensus Estimate for third-quarter and full-year 2024 earnings per share&nbsp;indicates growth of 9.4% and 26% from the respective 2023 figures.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78187.jpg?v=353666507" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
The company&#39;s long-term (three-to-five years) earnings growth rate is 16.1%, higher than its industry&#39;s 13.4%.
Let&#39;s delve deeper.
<h2>Solid Financial Returns for Shareholders</h2>
Highlighting its pro-investor stance, Wabtec (on Feb. 14, 2024) announced a 17.6% dividend increase, thereby raising its quarterly cash dividend from 17 cents per share to 20 cents. This quarterly dividend of 20 cents (80 cents annualized) per share gives Wabtec a 0.47% yield at the current stock price. This company&#39;s payout ratio is 11%, with a five-year dividend growth rate of 12.34%.
<div class="chart_embed">
<h3>Westinghouse Air Brake Technologies Corporation Dividend Yield</h3>
<img alt="screenshot_2024-09-18_145724.jpg" src="https://www.benzinga.com/files/u1593113/screenshot_2024-09-18_145724.jpg" style="height:306px; width:620px" />
Westinghouse Air Brake Technologies Corporation dividend-yield-ttm | Westinghouse Air Brake Technologies Corporation Quote
Wabtec&#39;s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. In 2022, WAB paid dividends of $111 million and repurchased shares worth $473 million. In 2023, WAB paid dividends of $123 million and repurchased shares worth $409 million. During the first six months of 2024, WAB paid dividends of $71 million and repurchased shares worth $375 million. Such shareholder-friendly moves instill investors&#39; confidence and positively impact the company&#39;s bottom line.
</div>
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like WAB, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
<h2>Segmental Strength Boosts WAB&#39;s Top Line</h2>
Wabtec&#39;s top line has been benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the transit segment gains from strong aftermarket and original equipment manufacturing sales.
WAB is expected to continue its strong performance due to strong underlying demand and a robust backlog.The ongoing summer season is expected to provide a further boost to revenues. The Zacks Consensus Estimate for WAB&#39;s third-quarter and fourth-quarter 2024 revenues is pegged at $2.64 billion and $2.61 billion, which indicates an improvement of 3.6% and 3.2% from 2023&#39;s actuals, respectively.
Driven by this encouraging backdrop, management raised its current-year EPS guidance. Wabtec raised 2024 EPS guidance to the range of $7.20-$7.50 from $7.00-$7.40 guided previously. The Zacks Consensus Estimate of $7.46 lies within the updated guided range.
Wabtec&#39;s full-year revenue guidance remains unchanged in the $10.25 billion-$10.55 billion band. The Zacks Consensus Estimate of $10.39 billion lies within the guided range.
<h2>WAB&#39;s Price Performance Soars High</h2>
Wabtec has an impressive earnings surprise history. The company&#39;s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.83%. Driven by this upbeat earnings performance and the positives mentioned above, WAB shares have gained 37.2% so far this year, outperforming its industry as well as the S&amp;P 500, of which the company is a key member.
Additionally, WAB&#39;s price performance so far this year compares favorably with that of other industry players like Ryder Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) and Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>).
<h2>YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/74/78188.jpg?v=895383158" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Some Other Tailwinds Working in Favor of WAB Stock</h2>
We are impressed with WAB&#39;s healthy balance sheet. The company&#39;s cash and equivalents increased to $595 million at the end of second-quarter 2024 from $371 million at the end of second-quarter 2023. Meanwhile, the long-term debt level has decreased to $3.5 billion at the end of second-quarter 2024 from $3.4 billion in the second quarter of 2023.
<h2>Long-Term Debt to Capitalization</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/78186.jpg?v=673179907" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Wrapping Up</h2>
Given the positives surrounding the WAB stock, as highlighted throughout the write-up, we believe that investors should add WAB stock to their portfolio for healthy returns. The Zacks Rank #2 (Buy) carried by the stock supports our thesis.
<a href="https://www.zacks.com/stock/news/2337744/wabtec-s-eps-estimates-northbound-time-to-buy-wab-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2337744">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Guidance

Dividends

Buybacks

Management

Markets

Wabtec's EPS Estimates Northbound: Time to Buy WAB Stock?

The Company intends to use a portion of the net proceeds of the offering to redeem its outstanding&nbsp;6.15%&nbsp;Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, and use any remaining proceeds for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

Reported Earlier, Air Lease Prices $300M Offering Of 6.00% Fixed-Rate Reset Preferred Stock, Series D

On September 13, 2024, Air Lease was notified by The Boeing Company&nbsp;that certain union factory workers announced a labor strike. Air Lease is unable to estimate the duration of the labor strike and its implications on Boeing&rsquo;s ability to deliver aircraft.
Furthermore, as reported in the Company&rsquo;s latest 10-Q filing on August 1, 2024, the Company expected to receive 12 Boeing aircraft for the remainder of 2024, represented by 5 Boeing 737 MAX aircraft and 7 Boeing 787 aircraft. During the third quarter 2024 and prior to the announcement of the labor strike, the Company purchased 2 Boeing 737 MAX aircraft and 3 Boeing 787 aircraft.
Due to the labor strike, the Company cannot currently estimate when it will receive the remaining 7 Boeing aircraft, which were expected to be delivered in 2024, and as a result, its capital expenditures for the remainder of 2024.

Air Lease Says It Is Unable To Estimate Impacts Of Boeing Labor Strike On Its Order Book; Says Cannot Currently Estimate When It Will Receive Remaining 7 Boeing Aircraft - Filing

Air Lease's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) short percent of float has fallen 22.85% since its last report. The company recently reported that it has 2.42 million shares sold short, which is 2.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Air Lease Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724168719_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Air Lease has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Air Lease's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Air Lease's peer group average for short interest as a percentage of float is 4.44%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Contracts

Air Lease Announced The Delivery Of One New Boeing 787-10 To Korean Air. This Aircraft Is The First Of Ten 787-10s Confirmed To Deliver To The Korean Flag Carrier From Alc's Orderbook With Boeing

JP Morgan analyst Jamie Baker maintains Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Overweight and lowers the price target from $54 to $52.

JP Morgan Maintains Overweight on Air Lease, Lowers Price Target to $52

WIIM

Air Lease shares are trading lower after the company reported worse-than-expected Q2 revenue results. Also, Barclays lowered its price target on the stock from $55 to $54.

Barclays analyst Mark Devries maintains Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Overweight and lowers the price target from $55 to $54.

Barclays Maintains Overweight on Air Lease, Lowers Price Target to $54

Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $0.93 by 32.26 percent. This is a 22.15 percent decrease over earnings of $1.58 per share from the same period last year. The company reported quarterly sales of $667.29 million which missed the analyst consensus estimate of $684.97 million by 2.58 percent. This is a 0.83 percent decrease over sales of $672.90 million the same period last year.

Earnings Misses

Air Lease Q2 Adj $1.23 Beats $0.93 Estimate, Sales $667.29M Miss $684.97M Estimate

EADSF

Air Lease Corporation Announces Long-Term Lease And Delivery Of Used Airbus A321-200neo To Uzbekistan's Centrum Air, Marking Airline's First A321neo

Today Air Lease Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) announced the delivery of one new Airbus A321-200neo to Condor. This aircraft is the first of 19 new Airbus aircraft confirmed to deliver to the airline from ALC's orderbook with Airbus through 2027, including 17 A321-200neos and two A320-200neos. In addition to these aircraft, ALC currently has three A321s and two A320s on long-term lease to the airline.

Global

Air Lease Corp. Delivers First Of 19 New Airbus Aircraft To Condor, Germany

Hawaiian Holdings&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ha#NASDAQ">HA</a>) is riding on its continued healthy demand scenario. The company&#39;s efforts to expand are commendable. However, a surge in operating expenses and weak liquidity does not bode well for the company.
<h3>Factors Favoring HA</h3>
The uptick in air travel demand bodes well for Hawaiian Holdings. In the first quarter of 2024, scheduled airline traffic (measured by revenue passenger miles) increased 5.9% year over year. Scheduled capacity (measured in available seat miles or ASM) rose 2.7% year over year. Passenger load factor (percentage of seats filled by passengers) improved by 2.4 pts to 80.6% year over year.
For the second quarter of 2024, the company expects a 3.5%-6.5% year-over-year increase in ASM. Meanwhile, for the full year, the company expects the metrics to improve 4.5%-7.5% year over year.
HA&#39;s expansion efforts are praiseworthy. On Apr 15, 2024, Hawaiian Holdings began Boeing 787-9 Dreamliner revenue service, a move expected to double premium seating on key routes while maintaining competitive operating costs. The airline also announced new flights from Salt Lake City to Honolulu and from Sacramento to Lihu&#39;e and Kona. &nbsp;
The impending merger with Alaska Air Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) is another tailwind for HA, under which Alaska will acquire Hawaiian for $18.00 per share in cash with a transaction value of approximately $1.9 billion. This merger is expected to provide a substantial boost for Hawaiian, enhancing its ability to execute its business plan, strengthen its liquidity and manage its debts effectively.
Shares of Hawaiian Holdings have rallied 24% over the past year compared to a 1.5% decline of the&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e3/71312.jpg?v=1960393177" />
Image Source: Zacks Investment Research
<h3>Key Risks</h3>
Rising fuel costs are hurting Hawaiian Holdings&#39; bottom line. This trend is primarily due to the ongoing production cuts adopted by Saudi Arabia and Russia. The fuel price per gallon is anticipated to be $2.85 for the second quarter of 2024 and&nbsp;$2.83 for the full year of 2024.
The elevated labor expenses are also severely impacting the company&#39;s bottom line by pushing up operating costs.The company expects costs per available seat mile (excluding fuel &amp; non-recurring items) in the second quarter of 2024 to increase 5-8% from the second-quarter 2023 actuals.
Hawaiian Holdings ended the first quarter of 2024 with a current ratio (a measure of liquidity) of 0.89. A current ratio of less than 1 implies that the company does not have enough cash to meet its debt burden, raising liquidity concerns.
<h3>Zacks Rank</h3>
HA currently carries a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) and Air Lease (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>).
SKYW currently sports a Zacks Rank #1 (Strong Buy) and has an expected earnings growth rate of 787% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 128%. Shares of SkyWest have jumped 101% in the past year.
AL sports a Zacks Rank #1. Air Lease has an expected earnings growth rate of 31.1% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 15.6%. Shares of AL have climbed 11% in the past year.
<a href="https://www.zacks.com/stock/news/2301676/here-s-why-you-should-retain-hawaiian-holdings-ha-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2301676">To read this article on Zacks.com click here.</a>

Small Cap

SKYW

Here's Why You Should Retain Hawaiian Holdings Stock

Air Lease's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) short percent of float has risen 18.68% since its last report. The company recently reported that it has 4.50 million shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Air Lease Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720540824_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Air Lease has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Air Lease's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Air Lease's peer group average for short interest as a percentage of float is 4.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(AL) - Analyzing Air Lease's Short Interest

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