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In a remarkable display of market confidence, Air Lease Corporation (NYSE:AL) stock has reached an all-time high, touching a price level of $57.91. With a market capitalization of $6.39 billion and an attractive P/E ratio of 9.21, this milestone underscores a period of robust performance for the aircraft leasing company, which has seen its stock value surge by 17.16% over the past year. According to InvestingPro data, the company has demonstrated impressive revenue growth of 3.56%. Investors have rallied behind Air Lease’s strategic growth initiatives and strong industry demand, propelling the stock to new heights and marking a significant achievement in the company’s financial history. The company maintains a solid 1.54% dividend yield and has raised its dividend for 12 consecutive years, showcasing its commitment to shareholder returns. For deeper insights into AL’s valuation and growth prospects, including 12 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Air Lease Corporation reported its first-quarter 2025 earnings, significantly surpassing analysts’ expectations with an earnings per share (EPS) of $1.51 against a forecast of $0.89. The company also exceeded revenue projections, reporting $738 million compared to the expected $713.85 million, driven by robust rental and aircraft sales. Following the earnings announcement, Citi upgraded Air Lease’s stock rating from Neutral to Buy, raising the price target from $45 to $68, citing confidence in the company’s new capital allocation strategy. TD Cowen also adjusted its price target for Air Lease to $55, maintaining a Buy rating, after the company’s earnings beat estimates, highlighting strong aircraft sales and trading revenue.
Air Lease’s revenue from aircraft sales and trading came in at $93 million, significantly higher than the anticipated $72 million, contributing to the earnings beat. However, the company faced higher-than-expected expenses, totaling $599 million, due to selling, general, and administrative expenses, as well as a one-time retirement-related payout to Executive Chairman Steven Udvar-Házy. Despite these expenses, analysts at TD Cowen viewed the quarter’s results positively, reflecting confidence in Air Lease’s financial health. The company remains optimistic about its future, with plans for significant aircraft deliveries throughout 2025 and a positive outlook for lease rates amid strong global demand for air travel.
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