Truist initiated coverage on AerSale with a new price target
$ASLE
Industrial Specialties
Consumer Discretionary
Truist initiated coverage of AerSale with a rating of Buy and set a new price target of $19.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2023 | $20.00 → $15.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 12/2/2022 | $19.00 | Buy | Truist |
| 11/30/2022 | $21.00 | Outperform | RBC Capital Mkts |
| 9/1/2022 | $23.00 | Buy | Stifel |
Third Quarter 2024 Highlights Revenue of $82.7 million versus $92.5 million in the prior year period. GAAP net income of $0.5 million versus GAAP net loss of $0.1 million in the prior year period. Adjusted Net Income of $1.8 million versus Adjusted Net Income of $0.9 million in the prior year period. Adjusted EBITDA1 of $8.2 million versus $1.9 million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to seven engines and a passenger-to-freighter (P2F") converted Boeing 757 aircraft in the prior year period. Feedstock acquisitions of $42 million and additional $45 million under contract as of September 30, 2024. Flight Equipmen
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-800-225-9448, international callers may use 1-203-518-9708, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until February 7, 2025. Participants may access the repla
Second Quarter 2024 Highlights Revenue of $77.1 million versus $69.3 million in the prior year period. GAAP net loss of $3.6 million versus GAAP net loss of $2.7 million in the prior year period. Adjusted Net Loss of $2.6 million versus Adjusted Net Loss of $0.6 million in the prior year period. Adjusted EBITDA1 of $3.2 million versus $(0.5) million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to four engines and two unserviceable airframes in the prior year period. Feedstock acquisitions of $36 million and additional $71 million under contract as of June 30, 2024. Flight Equipment inventory of $378.8 million as of
RBC Capital Mkts downgraded AerSale from Outperform to Sector Perform and set a new price target of $15.00 from $20.00 previously
Truist initiated coverage of AerSale with a rating of Buy and set a new price target of $19.00
RBC Capital Mkts initiated coverage of AerSale with a rating of Outperform and set a new price target of $21.00
4/A - AerSale Corp (0001754170) (Issuer)
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4 - AerSale Corp (0001754170) (Issuer)
10-Q - AerSale Corp (0001754170) (Filer)
8-K - AerSale Corp (0001754170) (Filer)
8-K - AerSale Corp (0001754170) (Filer)
Third Quarter 2024 Highlights Revenue of $82.7 million versus $92.5 million in the prior year period. GAAP net income of $0.5 million versus GAAP net loss of $0.1 million in the prior year period. Adjusted Net Income of $1.8 million versus Adjusted Net Income of $0.9 million in the prior year period. Adjusted EBITDA1 of $8.2 million versus $1.9 million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to seven engines and a passenger-to-freighter (P2F") converted Boeing 757 aircraft in the prior year period. Feedstock acquisitions of $42 million and additional $45 million under contract as of September 30, 2024. Flight Equipmen
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-800-225-9448, international callers may use 1-203-518-9708, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until February 7, 2025. Participants may access the repla
AerSale Corporation (NASDAQ:ASLE) (the "Company"), today announced that the Company's Chief Financial Officer, Martin Garmendia, will present at the Jefferies Industrials Conference on Thursday, September 5, 2024 at 1:55 pm ET, as well as host investor meetings on both days of the conference. The presentation will be webcast live and can be accessed through the link HERE or by going to the News and Events section of AerSale's Investor Relations website at https://ir.aersale.com/news-events/events. A replay will be available shortly after the conclusion of the presentation on AerSale's Investor Relations website at https://ir.aersale.com. About AerSale AerSale serves airlines operating
AerSale® Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, announced today that Robert "Bob" Nichols will be retiring from his role as Vice Chairman and President of Asset Management after fifteen years with AerSale, Inc. and many years of distinguished service within the aviation industry. Robert Nichols' retirement will take effect on December 31, 2023, but he will continue to serve the Company as a dedicated member of the Board of Directors. Nichols helped establish AerSale in 2008 and during his fifteen years with the Company he has played an instrumental role in the growth and success of the organization. His strategic vision, leadership
Andrew Levy, Founder, Chairman and CEO of Avelo Airlines, added to the Board of Directors. Existing Board Members Eric J. Zahler and Sai S. Devabhaktuni, have announced their retirement at the end of their current term. Michael Kirton will not seek reelection as Leonard Green & Partners ("Leonard Green") has reduced its ownership interest. AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that Andrew Levy, Founder, Chairman and CEO of Avelo Airlines was appointed to the Company's board of directors on April 15, 2023. Mr. Levy is the Founder, Chairman and CEO of Avelo Airlines. He brings three decades of corporate and entrepreneurial experience in the aviation and t
4/A - AerSale Corp (0001754170) (Issuer)
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4 - AerSale Corp (0001754170) (Issuer)
SC 13G/A - AerSale Corp (0001754170) (Subject)
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SC 13G - AerSale Corp (0001754170) (Subject)
Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results. Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro. Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate. Du
U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Thursday. Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) rose sharply during Thursday's session following upbeat earnings. Spectrum Brands posted adjusted earnings of $1.62 per share, beating expectations of 62 cents per share. The company's quarterly sales came in at $718.50 million versus estimates of $707.52 million, according to data from Benzinga Pro. Spectrum Brands shares surged 12.4% to $95.00 on Thursday. Here are some other big stocks recording gains in today's session. Sezzle Inc. (NASDAQ:SEZL) shares climbed 69.9% to $75.99 after the company reported a year-over-year increase in first-qu
Gainers Greenwave Tech Solns (NASDAQ:GWAV) shares increased by 13.6% to $0.07 during Thursday's pre-market session. The company's market cap stands at $9.9 million. Blue Bird (NASDAQ:BLBD) stock moved upwards by 12.73% to $42.32. The company's market cap stands at $1.3 billion. The company's, Q2 earnings came out yesterday. Lichen China (NASDAQ:LICN) stock increased by 12.22% to $1.01. The company's market cap stands at $27.6 million. FiscalNote Holdings (NYSE:NOTE) stock increased by 11.67% to $1.36. The company's market cap stands at $182.8 million. As per the news, the Q1 earnings report came out today. AerSale (NASDAQ:ASLE) stock increased by 10.72% to $8.36. The market value of the