AerCap (NYSE:AER) Releases FY 2024 Earnings Guidance

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets cut their price target on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research note on Monday, February 26th. Barclays lifted their target price on shares of AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a research report on Thursday. Susquehanna lifted their price target on shares of AerCap from $90.00 to $100.00 and gave the stock a positive rating in a report on Thursday. Finally, TD Cowen lifted their price target on shares of AerCap from $95.00 to $100.00 and gave the stock a buy rating in a report on Thursday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $91.43.

AerCap Trading Up 0.9 %

AER stock traded up $0.78 during trading on Friday, reaching $87.60. The company had a trading volume of 1,137,735 shares, 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 market cap of $17.34 billion, a P/E ratio of 5.70, a PEG ratio of 2.97 and a beta of 1.84. The business has a 50 day moving average of $83.94 and a 200 day moving average of $75.54. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.33.

AerCap (NYSE:AER) last posted its quarterly 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. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that AerCap will post 9.2 earnings per share for the current fiscal year.

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.