AerCap (AER) Set to Announce Earnings on Wednesday

AerCap (NYSE:AER) is scheduled to release 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

AerCap (NYSE:AER) last announced its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.67. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $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 Stock Up 2.0 %

Shares of AER opened at $86.13 on Wednesday. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 2.65 and a beta of 1.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80. AerCap has a 12 month low of $53.42 and a 12 month high of $88.44. The company has a 50-day moving average price of $82.49 and a two-hundred day moving average price of $74.14.

Analysts Set New Price Targets

A number of brokerages have commented on AER. TD Cowen restated a “buy” rating and set a $85.00 price target on shares of AerCap in a research note on Tuesday, February 27th. Susquehanna lifted their target price on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research note on Monday, February 26th. Barclays lifted their target price on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets cut their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $87.71.

About AerCap

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.