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 are interested in registering for the company’s earnings conference call can do so using this link.

AerCap (NYSE:AER) last posted its earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.44 by $0.67. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $2.66 earnings per share. AerCap’s revenue for the quarter was up 3.8% compared to the same quarter last year. 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 company has a current ratio of 0.33, a quick 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 stock’s 50 day moving average is $82.49 and its two-hundred day moving average is $74.14. The firm has a market cap of $17.05 billion, a P/E ratio of 6.09, a PEG ratio of 2.65 and a beta of 1.85.

Analyst Upgrades and Downgrades

Several analysts have commented on AER shares. Susquehanna raised their price objective on AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a report on Monday, February 26th. Barclays lifted their price target on AerCap from $84.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. BMO Capital Markets lowered 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. Finally, TD Cowen reaffirmed a “buy” rating and issued a $85.00 price target on shares of AerCap in a research note on Tuesday, February 27th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus 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.