AerCap (NYSE:AER) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.42, MarketWatch Earnings reports. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.12 billion. AerCap had a return on equity of 11.68% and a net margin of 22.57%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.42 earnings per share.
AerCap stock opened at $26.93 on Friday. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.75 and a quick ratio of 1.25. AerCap has a one year low of $10.42 and a one year high of $64.86. The stock has a market capitalization of $3.54 billion, a PE ratio of 3.20 and a beta of 2.19. The business’s fifty day moving average is $30.56 and its 200 day moving average is $36.79.
A number of research firms have issued reports on AER. Barclays increased their price objective on AerCap from $32.00 to $39.00 and gave the stock an “in-line” rating in a report on Wednesday, May 6th. ValuEngine upgraded AerCap from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. Deutsche Bank reduced their price target on AerCap from $63.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Investment Research downgraded AerCap from a “buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Cfra reduced their price target on AerCap from $40.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.80.
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers 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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