AerCap (NYSE:AER) Issues FY24 Earnings Guidance

AerCap (NYSE:AER) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $10.70 for the period, compared to the consensus estimate of $11.05. AerCap also updated its FY 2024 guidance to 10.700-10.700 EPS.

Analyst Ratings Changes

A number of brokerages have weighed in on AER. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Barclays boosted their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, TD Cowen reiterated a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

AerCap Stock Up 0.8 %

AER stock traded up $0.79 during trading hours on Friday, hitting $94.34. The company’s stock had a trading volume of 1,264,168 shares, compared to its average volume of 1,454,371. AerCap has a 12 month low of $63.20 and a 12 month high of $99.30. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The stock has a 50 day moving average price of $94.83 and a two-hundred day moving average price of $92.50. The company has a market capitalization of $18.67 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.96% and a net margin of 32.38%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned $2.81 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that AerCap will post 10.7 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. AerCap’s dividend payout ratio is presently 7.92%.

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.