Dahlman Rose Reiterates a 'Buy' on Air Lease Corp (AL); Cutting Estimates on Aircraft Deliveries and Expenses
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Price: $29.86 -0.6%
Rating Summary:
12 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Rating Summary:
12 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Trade AL Now!
Dahlman Rose reiterates a 'Buy' on Air Lease Corp (NYSE: AL) price target of $30.00.
Analyst, Helane Becker, said, "Given the delivered aircraft and higher interest expense, we are adjusting our forward estimates. We forecast 2Q12 GAAP EPS of $0.26 (non-GAAP $0.31), compared to our prior estimate of $0.31 (non-GAAP $0.35) and compared to the consensus estimate of $0.28. For 2012, we forecast GAAP EPS of $1.17 (non-GAAP $1.34), down from our prior estimate of $1.30 (non-GAAP $1.45) and the consensus estimate of $1.23. For 2013, we forecast GAAP EPS of $1.67 (non-GAAP $1.70), down from $1.76 (non-GAAP $1.85) and compared to the consensus estimate of $1.76."
For an analyst ratings summary and ratings history on Air Lease Corp click here. For more ratings news on Air Lease Corp click here.
Shares of Air Lease Corp closed at $19.50 yesterday, with a 52 week range of $17.24-$26.47.
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Analyst, Helane Becker, said, "Given the delivered aircraft and higher interest expense, we are adjusting our forward estimates. We forecast 2Q12 GAAP EPS of $0.26 (non-GAAP $0.31), compared to our prior estimate of $0.31 (non-GAAP $0.35) and compared to the consensus estimate of $0.28. For 2012, we forecast GAAP EPS of $1.17 (non-GAAP $1.34), down from our prior estimate of $1.30 (non-GAAP $1.45) and the consensus estimate of $1.23. For 2013, we forecast GAAP EPS of $1.67 (non-GAAP $1.70), down from $1.76 (non-GAAP $1.85) and compared to the consensus estimate of $1.76."
For an analyst ratings summary and ratings history on Air Lease Corp click here. For more ratings news on Air Lease Corp click here.
Shares of Air Lease Corp closed at $19.50 yesterday, with a 52 week range of $17.24-$26.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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