AerCap (NYSE:AER) Issues 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 Upgrades and Downgrades

A number of equities research analysts have commented on the company. TD Cowen reiterated a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Susquehanna increased their target price on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.83.

AerCap Stock Up 0.8 %

NYSE:AER traded up $0.79 on Friday, hitting $94.34. The stock had a trading volume of 1,264,168 shares, compared to its average volume of 1,454,371. The stock has a market cap of $18.67 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83. AerCap has a 1 year low of $63.20 and a 1 year high of $99.30. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $92.50.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.96%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts predict that AerCap will post 10.7 earnings per share for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. AerCap’s payout ratio is currently 7.92%.

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.