Procurement News Notice |
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| PNN | 1028 |
| Work Detail | Willis Lease Finance Corporation announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 16, 2016. Earnings per share were $0.78. Willis Lease Finance Corporation (WLFC) shares turned negative on Mondays trading session with the shares closing down -1.09 points or -4.43% at a volume of 25,581. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.87. The peak price level was also seen at $24.87 while the days lowest was $23.18. Finally the shares closed at $23.52. The 52-week high of the shares is $27.51 while the 52-week low is $15.11. According to the latest information available, the market cap of the company is $157 M. Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Robert T Morris (director) sold 900 shares at $25.45 per share price.Also, On May 18, 2016, Hans Jorg Hunziker (director) sold 1,300 shares at $22.96 per share price.On May 16, 2016, Anthony R. Spaulding (SVP, Technical Services) sold 317 shares at $22.15 per share price, according to the Form-4 filing with the securities and exchange commission. Willis Lease Finance Corporation with its subsidiaries is a lessor of commercial aircraft engines. The Company operates in two business segments: Equipment Leasing which involves acquiring and leasing primarily pursuant to operating leases commercial aircraft aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and Spare Parts Sales which involves the purchase and resale of after-market engine and airframe parts whole engines engine modules and portable aircraft components and leasing of engines destined for disassembly and sale of parts. As of December 31 2014 its lease portfolio consisted of 207 engines and related equipment five aircraft and five spare engine parts packages with77 lessees in 39 countries. As of December 31 2014 it also managed 41 engines and related equipment on behalf of other parties. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 02 Sep 2016 |
| Source | http://www.tradecalls.org/2016/08/revenue-update-on-willis-lease-finance-corporationnasdaqwlfc-2-377078/ |
