AerSale (NASDAQ:ASLE – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.06 earnings per share 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
ASLE stock traded up $0.10 during midday trading on Thursday, reaching $7.07. 449,230 shares of the company’s stock traded hands, compared to its average volume of 383,262. AerSale has a 52 week low of $4.53 and a 52 week high of $9.49. The company has a 50-day moving average price of $6.67 and a two-hundred day moving average price of $5.92. The firm has a market capitalization of $376.20 million, a PE ratio of 707.71 and a beta of 0.29.
Analyst Upgrades and Downgrades
Separately, TD Cowen upgraded AerSale to a “hold” rating in a research note on Thursday, December 19th.
About AerSale
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).
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