Willis Lease Finance (NASDAQ:WLFC) Announces Earnings Results

Willis Lease Finance (NASDAQ:WLFC) announced its earnings results on Monday. The transportation company reported $2.81 earnings per share for the quarter, Zacks reports. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%.

Willis Lease Finance Stock Performance

WLFC opened at $183.05 on Monday. Willis Lease Finance has a 1 year low of $46.70 and a 1 year high of $235.43. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The stock’s 50 day simple moving average is $198.15 and its 200-day simple moving average is $180.60. The stock has a market cap of $1.21 billion, a PE ratio of 12.97 and a beta of 1.11.

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance’s dividend payout ratio (DPR) is presently 7.09%.

Insider Activity

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

Willis Lease Finance Company Profile

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.