AerCap (NYSE:AER) Issues Earnings Results

AerCap (NYSE:AER) released its quarterly earnings results on Thursday. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60, Briefing.com reports. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. AerCap’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. AerCap updated its FY 2024 guidance to 10.250-10.25 EPS.

AerCap Stock Performance

Shares of NYSE AER traded down $5.39 during midday trading on Friday, hitting $86.61. 3,512,114 shares of the company’s stock were exchanged, compared to its average volume of 1,564,326. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 12 month low of $57.30 and a 12 month high of $98.79. The company’s 50 day moving average price is $93.14 and its 200 day moving average price is $86.32. The firm has a market capitalization of $17.14 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. AerCap’s dividend payout ratio is currently 6.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays raised their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley began coverage on AerCap in a research report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of AerCap in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Susquehanna lifted their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.38.

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.