Willis Lease Finance (NASDAQ:WLFC – Get Free Report) issued its quarterly earnings data on Tuesday. The transportation company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.41, FiscalAI reports. Willis Lease Finance had a return on equity of 19.22% and a net margin of 15.72%.The firm had revenue of $194.02 million during the quarter, compared to analyst estimates of $175.00 million.
Willis Lease Finance Price Performance
Shares of NASDAQ WLFC opened at $68.70 on Tuesday. Willis Lease Finance has a twelve month low of $38.00 and a twelve month high of $81.54. The company has a current ratio of 2.43, a quick ratio of 2.00 and a debt-to-equity ratio of 3.25. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.40 and a beta of 0.72. The business has a 50 day simple moving average of $70.40 and a 200-day simple moving average of $65.71.
Willis Lease Finance Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Tuesday, August 11th will be issued a $0.133 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 11th. Willis Lease Finance’s payout ratio is 9.65%.
Insider Transactions at Willis Lease Finance
Institutional Trading of Willis Lease Finance
Institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in shares of Willis Lease Finance by 5.9% in the 4th quarter. Franklin Resources Inc. now owns 1,848 shares of the transportation company’s stock worth $251,000 after buying an additional 103 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Willis Lease Finance during the 3rd quarter valued at about $147,000. Squarepoint Ops LLC bought a new stake in shares of Willis Lease Finance during the 3rd quarter valued at about $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Willis Lease Finance by 15.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,957 shares of the transportation company’s stock worth $279,000 after acquiring an additional 257 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Willis Lease Finance by 16.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,886 shares of the transportation company’s stock worth $269,000 after acquiring an additional 270 shares during the period. Institutional investors own 93.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on WLFC shares. Freedom Capital lowered Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Willis Lease Finance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Willis Lease Finance has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on Willis Lease Finance
Willis Lease Finance Company Profile
Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.
In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.
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