AerSale (NASDAQ:ASLE) Announces Quarterly Earnings Results

AerSale (NASDAQ:ASLE) announced its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04), Zacks reports. AerSale had a net margin of 0.12% and a negative return on equity of 0.24%.

AerSale Stock Performance

NASDAQ:ASLE traded up $0.10 during mid-day trading on Thursday, reaching $7.07. The stock had a trading volume of 449,230 shares, compared to its average volume of 383,262. AerSale has a one year low of $4.53 and a one year high of $9.49. The stock has a market capitalization of $376.20 million, a P/E ratio of 707.71 and a beta of 0.29. The firm has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $5.92.

Wall Street Analysts Forecast Growth

Separately, TD Cowen raised AerSale to a “hold” rating in a research note on Thursday, December 19th.

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).