Revenue Update on Aircastle Limited(NYSE:AYR)

Aircastle Limited(NYSE:AYR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $204.653M. Analysts estimated a revenue of $199.070M. The revenues were 2.8% above the estimates. Earnings per share were $0.9. The reported EPS was above estimates by 76.47%. Analysts had estimated an EPS of $0.51.

Aircastle Limited (AYR) shares turned negative on Wednesdays trading session with the shares closing down -0.24 points or -0.97% at a volume of 5,54,785. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.9. The peak price level was also seen at $24.9 while the days lowest was $24.33. Finally the shares closed at $24.45. The 52-week high of the shares is $25.98 while the 52-week low is $18.26. According to the latest information available, the market cap of the company is $1,921 M.

Several Insider Transactions has been reported to the SEC. On Nov 28, 2016, Michael Kriedberg (Chief Commercial Officer) sold 30,000 shares at $22.53 per share price.Also, On Nov 14, 2016, Joseph Schreiner (Executive Vice President, Tech) sold 7,500 shares at $22.35 per share price.On Nov 14, 2016, Michael Inglese (CFO) sold 50,000 shares at $21.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Aircastle Limited (Aircastle) is a holding company. The Company through its subsidiaries is engaged in acquiring leasing and selling commercial jet aircrafts. As of December 31 2014 the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States Ireland and Singapore. It also makes investments in other aviation assets including debt investments secured by commercial jet aircraft. The Company offers passenger aircraft including narrowbody midbody and widebody and freighter aircrafts. The Company has operations in Europe Asia and Pacific North America South America and Middle East and Africa. As of December 31 2014 its customers include Martinair (including its affiliate Transavia) LATAM Airlines Group S.A. and South African Airways Pty. Ltd.

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