AerCap (NYSE:AER) Sets New 12-Month High Following Better-Than-Expected Earnings

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AerCap Holdings (NYSE:AER)’s share price reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $64.86 and last traded at $63.70, with a volume of 33862 shares changing hands. The stock had previously closed at $60.77.

The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $1.89 by $0.45. AerCap had a net margin of 21.81% and a return on equity of 11.82%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.62 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis.

AER has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of AerCap from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group upped their price target on shares of AerCap from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays upped their price target on shares of AerCap from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, ValuEngine downgraded shares of AerCap from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $66.71.

Several large investors have recently made changes to their positions in AER. Lyrical Asset Management LP grew its stake in shares of AerCap by 0.5% in the fourth quarter. Lyrical Asset Management LP now owns 5,472,842 shares of the financial services provider’s stock worth $336,416,000 after purchasing an additional 28,141 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of AerCap by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 2,324,294 shares of the financial services provider’s stock worth $142,875,000 after purchasing an additional 119,994 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of AerCap by 31.1% in the third quarter. TimesSquare Capital Management LLC now owns 1,381,575 shares of the financial services provider’s stock worth $75,641,000 after purchasing an additional 327,800 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of AerCap by 4.4% in the third quarter. Parametric Portfolio Associates LLC now owns 924,398 shares of the financial services provider’s stock worth $50,611,000 after purchasing an additional 38,708 shares during the last quarter. Finally, Man Group plc grew its stake in shares of AerCap by 30.3% in the third quarter. Man Group plc now owns 882,251 shares of the financial services provider’s stock worth $48,303,000 after purchasing an additional 205,396 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.17. The company has a market cap of $8.12 billion, a P/E ratio of 8.09, a PEG ratio of 1.58 and a beta of 1.84. The firm’s 50 day moving average is $60.30 and its two-hundred day moving average is $57.51.

AerCap Company Profile (NYSE:AER)

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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