Willis Lease Finance (NASDAQ:WLFC) Issues Earnings Results, Beats Expectations By $0.92 EPS

Willis Lease Finance (NASDAQ:WLFC) posted its earnings results on Monday. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.92, Zacks reports. The company had revenue of $152.80 million for the quarter, compared to analyst estimates of $145.54 million. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%.

Willis Lease Finance Trading Up 7.2 %

NASDAQ:WLFC opened at $162.97 on Wednesday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 11.55 and a beta of 1.11. Willis Lease Finance has a 52 week low of $46.70 and a 52 week high of $235.43. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The firm has a 50 day moving average of $196.21 and a 200 day moving average of $181.28.

Willis Lease Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Willis Lease Finance’s dividend payout ratio (DPR) is presently 6.50%.

Insiders Place Their Bets

In other Willis Lease Finance news, CEO Austin Chandler Willis sold 3,450 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $204.14, for a total value of $704,283.00. Following the completion of the transaction, the chief executive officer now owns 158,034 shares of the company’s stock, valued at approximately $32,261,060.76. This trade represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 57.02% of the company’s stock.

About Willis Lease Finance

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.