Equities analysts expect AerCap Holdings (NYSE:AER) to announce sales of $1.22 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for AerCap’s earnings. The lowest sales estimate is $1.20 billion and the highest is $1.24 billion. AerCap posted sales of $1.24 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The company is expected to issue its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that AerCap will report full-year sales of $1.22 billion for the current financial year, with estimates ranging from $4.69 billion to $5.12 billion. For the next year, analysts expect that the company will post sales of $5.19 billion per share, with estimates ranging from $4.83 billion to $5.51 billion. Zacks’ sales averages are an average based on a survey of research firms that cover AerCap.
AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. AerCap had a return on equity of 12.50% and a net margin of 21.80%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 EPS.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley boosted their price objective on AerCap from $48.00 to $49.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Deutsche Bank boosted their price objective on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada reiterated a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Finally, Wells Fargo & Co set a $62.00 price objective on AerCap and gave the company a “buy” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $58.73.
AerCap (NYSE AER) opened at $50.92 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. AerCap has a 12-month low of $42.35 and a 12-month high of $55.67. The stock has a market capitalization of $8,050.00, a P/E ratio of 7.53, a P/E/G ratio of 0.69 and a beta of 1.79.
AerCap announced that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. bought a new stake in AerCap in the 4th quarter valued at approximately $130,000. Cerebellum GP LLC bought a new stake in AerCap in the 4th quarter valued at approximately $127,000. Icon Wealth Partners LLC bought a new stake in AerCap in the 4th quarter valued at approximately $134,000. We Are One Seven LLC bought a new stake in AerCap in the 4th quarter valued at approximately $188,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in AerCap in the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 83.09% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://transcriptdaily.com/2018/02/25/aercap-holdings-aer-expected-to-post-quarterly-sales-of-1-22-billion.html.
AerCap Company Profile
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.