Equities analysts expect AerCap Holdings (NYSE:AER) to post $1.20 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for AerCap’s earnings, with the lowest sales estimate coming in at $1.19 billion and the highest estimate coming in at $1.22 billion. AerCap posted sales of $1.26 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.8%. The company is expected to announce its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that AerCap will report full-year sales of $4.84 billion for the current year, with estimates ranging from $4.71 billion to $4.94 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.11 billion per share, with estimates ranging from $4.89 billion to $5.29 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow AerCap.
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AerCap (NYSE:AER) last posted its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.18. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. AerCap had a net margin of 21.52% and a return on equity of 12.54%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share.
Several analysts have weighed in on AER shares. Deutsche Bank boosted their target price on shares of AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Morgan Stanley upped their price target on shares of AerCap from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of AerCap from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Royal Bank of Canada restated a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Finally, Macquarie assumed coverage on shares of AerCap in a research report on Tuesday, March 13th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $60.90.
A number of hedge funds have recently bought and sold shares of the stock. Nicola Wealth Management LTD. acquired a new stake in AerCap in the 1st quarter valued at about $1,750,000. Suntrust Banks Inc. lifted its holdings in AerCap by 97.6% in the 1st quarter. Suntrust Banks Inc. now owns 77,981 shares of the financial services provider’s stock valued at $3,954,000 after acquiring an additional 38,525 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in AerCap in the 1st quarter valued at about $146,000. CIBC World Markets Inc. acquired a new stake in AerCap in the 1st quarter valued at about $254,000. Finally, Royal Bank of Canada lifted its holdings in AerCap by 8.8% in the 1st quarter. Royal Bank of Canada now owns 1,267,140 shares of the financial services provider’s stock valued at $64,270,000 after acquiring an additional 102,414 shares during the last quarter. 83.58% of the stock is owned by institutional investors and hedge funds.
AER stock traded down $0.36 during trading on Friday, hitting $54.69. 760,701 shares of the company’s stock traded hands, compared to its average volume of 1,190,765. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.60 and a quick ratio of 0.60. AerCap has a 52 week low of $44.69 and a 52 week high of $56.26. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.71 and a beta of 1.80.
AerCap announced that its board has authorized a stock repurchase 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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