Wall Street brokerages expect AerCap Holdings (NYSE:AER) to announce sales of $1.20 billion for the current quarter, according to Zacks. Four analysts have made estimates for AerCap Holdings’ earnings. The highest sales estimate is $1.23 billion and the lowest is $1.18 billion. AerCap Holdings posted sales of $1.23 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The firm is expected to issue its next earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that AerCap Holdings will report full year sales of $1.20 billion for the current financial year, with estimates ranging from $4.87 billion to $5.00 billion. For the next year, analysts expect that the business will report sales of $5.14 billion per share, with estimates ranging from $5.01 billion to $5.33 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover AerCap Holdings.
AerCap Holdings (NYSE:AER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. AerCap Holdings had a net margin of 23.51% and a return on equity of 13.32%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded AerCap Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 17th. ValuEngine downgraded AerCap Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub downgraded AerCap Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Cowen and Company restated a “buy” rating and set a $54.00 target price on shares of AerCap Holdings in a report on Tuesday, July 11th. Finally, Barclays PLC assumed coverage on AerCap Holdings in a report on Monday, July 10th. They set an “overweight” rating and a $61.00 target price for the company. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.45.
Shares of AerCap Holdings (AER) traded up 0.18% during mid-day trading on Tuesday, hitting $50.39. 1,217,918 shares of the stock traded hands. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 7.95 and a beta of 1.87. The firm’s 50-day moving average is $48.98 and its 200-day moving average is $46.31. AerCap Holdings has a 52 week low of $36.38 and a 52 week high of $50.90.
AerCap Holdings announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 9th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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In other news, CEO Aengus Kelly sold 100,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $49.87, for a total value of $4,987,000.00. Following the sale, the chief executive officer now directly owns 2,231,875 shares of the company’s stock, valued at $111,303,606.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Gradon sold 742 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.16, for a total value of $37,218.72. Following the completion of the sale, the director now directly owns 3,380 shares in the company, valued at $169,540.80. The disclosure for this sale can be found here.
Large investors have recently added to or reduced their stakes in the company. James Investment Research Inc. bought a new stake in AerCap Holdings during the first quarter worth approximately $146,000. Nationwide Fund Advisors boosted its stake in AerCap Holdings by 438.8% in the first quarter. Nationwide Fund Advisors now owns 310,517 shares of the financial services provider’s stock worth $14,274,000 after buying an additional 252,889 shares in the last quarter. Korea Investment CORP boosted its stake in AerCap Holdings by 118.6% in the first quarter. Korea Investment CORP now owns 47,000 shares of the financial services provider’s stock worth $2,161,000 after buying an additional 25,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in AerCap Holdings by 35.4% in the first quarter. Janney Montgomery Scott LLC now owns 29,400 shares of the financial services provider’s stock worth $1,352,000 after buying an additional 7,681 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in AerCap Holdings by 17.0% in the first quarter. Russell Investments Group Ltd. now owns 315,383 shares of the financial services provider’s stock worth $14,500,000 after buying an additional 45,801 shares in the last quarter. 88.94% of the stock is currently owned by hedge funds and other institutional investors.
About AerCap Holdings
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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