AerCap (NYSE:AER) Releases FY 2024 Earnings Guidance

AerCap (NYSE:AER) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.200-9.200 for the period, compared to the consensus estimate of 9.950. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to ~$9.20 EPS.

AerCap Trading Up 0.9 %

AER traded up $0.78 during midday trading on Friday, reaching $87.60. 1,137,735 shares of the company’s stock traded hands, compared to its average volume of 1,540,155. AerCap has a 52 week low of $53.42 and a 52 week high of $88.54. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.33. The firm has a fifty day moving average of $83.94 and a two-hundred day moving average of $75.54. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 5.70, a P/E/G ratio of 2.97 and a beta of 1.84.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. On average, equities analysts anticipate that AerCap will post 9.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

AER has been the topic of several research analyst reports. TD Cowen boosted their price target on shares of AerCap from $95.00 to $100.00 and gave the company a buy rating in a research report on Thursday. Barclays upped their target price on AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a report on Thursday. Susquehanna raised their target price on AerCap from $90.00 to $100.00 and gave the company a positive rating in a research note on Thursday. Finally, BMO Capital Markets reduced their price target on AerCap from $103.00 to $101.00 and set an outperform rating on the stock in a research note on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus price target of $91.43.

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.