AerCap (AER) to Release Quarterly Earnings on Wednesday

AerCap (NYSE:AER) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect AerCap to post earnings of $2.38 per share for the quarter. AerCap has set its FY 2024 guidance at 7.500-8.500 EPS.Investors interested in participating in the company’s conference call can do so using this link.

AerCap (NYSE:AER) last issued its earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.67. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. AerCap’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 earnings per share. On average, analysts expect AerCap to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

AerCap Price Performance

AerCap stock opened at $86.72 on Tuesday. The business has a 50 day simple moving average of $83.30 and a 200 day simple moving average of $75.02. AerCap has a one year low of $53.42 and a one year high of $88.44. The company has a market capitalization of $17.16 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 2.77 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33.

Wall Street Analysts Forecast Growth

AER has been the topic of several analyst reports. BMO Capital Markets lowered their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. TD Cowen reiterated a “buy” rating and issued a $85.00 target price on shares of AerCap in a research note on Tuesday, February 27th. Susquehanna increased their price target on AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. Finally, Barclays raised their price target on AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $87.71.

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.