AerCap (NYSE:AER) Issues Quarterly Earnings Results, Meets Estimates

AerCap (NYSE:AER) posted its earnings results on Wednesday. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41, Briefing.com reports. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. AerCap updated its FY 2024 guidance to 10.700-10.700 EPS and its FY24 guidance to $10.70 EPS.

AerCap Trading Down 0.5 %

Shares of AER stock traded down $0.51 during mid-day trading on Thursday, hitting $93.38. The company’s stock had a trading volume of 1,088,732 shares, compared to its average volume of 1,450,241. The company has a market cap of $18.48 billion, a PE ratio of 6.08, a P/E/G ratio of 2.13 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day simple moving average is $94.83 and its 200-day simple moving average is $92.49. AerCap has a 52 week low of $60.52 and a 52 week high of $99.30.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. AerCap’s dividend payout ratio (DPR) is currently 6.51%.

Wall Street Analyst Weigh In

Several research firms have commented on AER. Susquehanna increased their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays raised their price target on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $106.43.

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.