Brokerages expect AerCap Holdings (NYSE:AER) to report sales of $1.22 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for AerCap’s earnings. The highest sales estimate is $1.24 billion and the lowest is $1.20 billion. AerCap posted sales of $1.24 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that AerCap will report full-year sales of $1.22 billion for the current fiscal year, with estimates ranging from $4.69 billion to $5.11 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.16 billion per share, with estimates ranging from $4.83 billion to $5.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow AerCap.
AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.29. AerCap had a return on equity of 12.31% and a net margin of 21.36%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of AerCap in a report on Thursday, February 15th. Deutsche Bank upped their price target on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Citigroup started coverage on AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, Wells Fargo set a $62.00 price target on AerCap and gave the company a “buy” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $58.73.
Several institutional investors and hedge funds have recently modified their holdings of the company. Timber Creek Capital Management LLC raised its holdings in shares of AerCap by 1.2% in the 4th quarter. Timber Creek Capital Management LLC now owns 81,785 shares of the financial services provider’s stock worth $4,302,000 after buying an additional 970 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in shares of AerCap by 1.0% in the 4th quarter. Eagle Global Advisors LLC now owns 101,547 shares of the financial services provider’s stock worth $5,342,000 after buying an additional 970 shares in the last quarter. Telemus Capital LLC raised its holdings in shares of AerCap by 4.0% in the 4th quarter. Telemus Capital LLC now owns 25,449 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 989 shares in the last quarter. American International Group Inc. raised its holdings in shares of AerCap by 6.5% in the 3rd quarter. American International Group Inc. now owns 17,246 shares of the financial services provider’s stock worth $881,000 after buying an additional 1,047 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of AerCap by 3.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,883 shares of the financial services provider’s stock worth $1,681,000 after buying an additional 1,050 shares in the last quarter. 84.44% of the stock is owned by institutional investors and hedge funds.
Shares of AerCap (NYSE:AER) traded up $0.08 during trading hours on Wednesday, reaching $50.59. The company had a trading volume of 1,252,630 shares, compared to its average volume of 1,434,389. AerCap has a 1 year low of $42.35 and a 1 year high of $55.67. The company has a market cap of $7,981.38, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.82. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.49 and a current ratio of 0.49.
AerCap declared that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
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AerCap Company Profile
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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