AerCap (NYSE:AER) Announces Earnings Results, Meets Estimates

AerCap (NYSE:AER) announced its earnings results on Wednesday. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41, Briefing.com reports. AerCap had a return on equity of 13.96% and a net margin of 32.38%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the company posted $2.81 EPS. AerCap’s quarterly revenue was up 3.0% on a year-over-year basis. AerCap updated its FY 2024 guidance to 10.700-10.700 EPS and its FY24 guidance to $10.70 EPS.

AerCap Stock Performance

Shares of AER traded up $0.76 during midday trading on Friday, hitting $94.31. 1,264,168 shares of the stock traded hands, compared to its average volume of 1,454,371. 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 1-year low of $63.20 and a 1-year high of $99.30. The business’s 50 day moving average price is $94.80 and its two-hundred day moving average price is $92.58. The firm has a market capitalization of $18.67 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Analysts Set New Price Targets

AER has been the topic of a number of research analyst reports. Susquehanna increased their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Finally, Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

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.