AerCap (NYSE:AER) Issues FY 2024 Earnings Guidance

AerCap (NYSE:AER) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.200-9.200 for the period, compared to the consensus estimate of 9.950. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to ~$9.20 EPS.

Analyst Upgrades and Downgrades

AER has been the subject of several recent analyst reports. Barclays upped their price objective on AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a research report on Thursday. Susquehanna raised their price target on shares of AerCap from $90.00 to $100.00 and gave the company a positive rating in a research note on Thursday. TD Cowen upped their price objective on shares of AerCap from $95.00 to $100.00 and gave the stock a buy rating in a research report on Thursday. Finally, BMO Capital Markets dropped their price objective 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, Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $91.43.

AerCap Trading Up 0.9 %

NYSE:AER traded up $0.78 during mid-day trading on Friday, hitting $87.60. 1,137,735 shares of the company’s stock were exchanged, compared to its average volume of 1,540,155. AerCap has a fifty-two week low of $53.42 and a fifty-two week high of $88.54. The company has a current ratio of 0.26, a quick ratio of 0.33 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $17.34 billion, a P/E ratio of 5.70, a PEG ratio of 2.97 and a beta of 1.84. The company has a 50 day simple moving average of $83.94 and a 200-day simple moving average of $75.54.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts expect that AerCap will post 9.2 earnings per share for the current year.

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.