AerSale (NASDAQ:ASLE) Issues Earnings Results, Misses Estimates By $0.06 EPS

AerSale (NASDAQ:ASLE) issued its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06), FiscalAI reports. AerSale had a return on equity of 2.09% and a net margin of 1.73%.The company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $93.86 million.

AerSale Price Performance

Shares of NASDAQ ASLE traded down $0.85 during mid-day trading on Friday, reaching $6.14. 1,543,319 shares of the company traded hands, compared to its average volume of 298,159. The stock has a fifty day simple moving average of $7.95 and a 200-day simple moving average of $7.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82. The firm has a market cap of $289.69 million, a PE ratio of 47.23 and a beta of 0.24. AerSale has a fifty-two week low of $5.34 and a fifty-two week high of $9.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASLE. Vanguard Group Inc. raised its position in AerSale by 29.3% in the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after acquiring an additional 444,954 shares in the last quarter. Raffles Associates LP lifted its stake in AerSale by 6.6% during the second quarter. Raffles Associates LP now owns 485,000 shares of the company’s stock valued at $2,915,000 after purchasing an additional 30,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in AerSale by 1.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock worth $1,653,000 after buying an additional 4,416 shares in the last quarter. American Century Companies Inc. grew its position in AerSale by 165.1% in the second quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock worth $1,408,000 after buying an additional 145,931 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of AerSale by 1,250.8% during the 1st quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock valued at $1,307,000 after acquiring an additional 161,622 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ASLE shares. Royal Bank Of Canada boosted their price target on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of AerSale from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Truist Financial lifted their price target on AerSale from $6.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Zacks Research downgraded AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AerSale in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AerSale presently has an average rating of “Hold” and a consensus target price of $7.50.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).