AerCap (NYSE:AER) Updates FY24 Earnings Guidance

AerCap (NYSE:AER) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of ~$9.20 for the period, compared to the consensus earnings per share estimate of $9.75. AerCap also updated its FY 2024 guidance to 9.200-9.200 EPS.

Analyst Ratings Changes

A number of research firms have issued reports on AER. Susquehanna lifted their price objective on shares of AerCap from $80.00 to $90.00 and gave the stock a positive rating in a report on Monday, February 26th. BMO Capital Markets cut their price objective on shares of AerCap from $103.00 to $101.00 and set an outperform rating on the stock in a report on Monday, February 26th. Barclays lifted their price objective on shares of AerCap from $84.00 to $93.00 and gave the stock an overweight rating in a report on Monday, February 26th. Finally, TD Cowen reissued a buy rating and issued a $85.00 price target on shares of AerCap in a report on Tuesday, February 27th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, AerCap currently has a consensus rating of Buy and a consensus price target of $87.71.

AerCap Trading Down 2.6 %

Shares of AerCap stock opened at $84.48 on Wednesday. AerCap has a 52-week low of $53.42 and a 52-week high of $88.44. The stock’s 50-day simple moving average is $83.43 and its 200 day simple moving average is $75.20. The stock has a market capitalization of $16.72 billion, a P/E ratio of 5.97, a P/E/G ratio of 2.81 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.33 and a current ratio of 0.33.

AerCap (NYSE:AER) last announced its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.67. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business posted $2.66 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that AerCap will post 9.7 EPS for the current year.

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.