AerCap (NYSE:AER) Releases FY24 Earnings Guidance

AerCap (NYSE:AER) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $10.70 for the period, compared to the consensus EPS estimate of $11.05. AerCap also updated its FY 2024 guidance to 10.700-10.700 EPS.

Analyst Ratings Changes

Several brokerages have recently weighed in on AER. TD Cowen reaffirmed a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Susquehanna lifted their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.43.

AerCap Stock Down 1.8 %

Shares of NYSE AER traded down $1.74 during mid-day trading on Wednesday, reaching $93.98. The company had a trading volume of 295,741 shares, compared to its average volume of 1,443,315. The stock has a fifty day moving average of $94.81 and a two-hundred day moving average of $92.39. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. AerCap has a 12-month low of $60.52 and a 12-month high of $99.30. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business earned $2.56 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts expect that AerCap will post 11.33 EPS for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. AerCap’s payout ratio is presently 6.51%.

AerCap Company Profile

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.