AerCap (NYSE:AER) Issues Earnings Results, Beats Estimates By $0.98 EPS

AerCap (NYSE:AER) released its earnings results on Wednesday. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.98, Briefing.com reports. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AerCap had a return on equity of 15.41% and a net margin of 42.78%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. AerCap updated its FY24 guidance to ~$9.20 EPS and its FY 2024 guidance to 9.200-9.200 EPS.

AerCap Price Performance

Shares of AER opened at $87.57 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.80. The company’s fifty day simple moving average is $83.94 and its 200 day simple moving average is $75.54. AerCap has a 1-year low of $53.42 and a 1-year high of $88.54. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 2.92 and a beta of 1.84.

Analyst Ratings Changes

A number of brokerages recently issued reports on AER. BMO Capital Markets dropped their target price on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Susquehanna boosted their price objective on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday. Barclays increased their target price on shares of AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, TD Cowen lifted their price target on shares of AerCap from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $91.43.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.