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 EPS guidance of 9.200-9.200 for the period, compared to the consensus EPS estimate of 9.950. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to ~$9.20 EPS.

AerCap Stock 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 one year low of $53.42 and a one year high of $88.54. The business has a fifty day moving average price of $83.94 and a 200 day moving average price of $75.54. The company has a market cap of $17.34 billion, a PE ratio of 5.70, a P/E/G ratio of 2.97 and a beta of 1.84. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.33.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 earnings per share. Equities analysts predict that AerCap will post 9.2 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AER. TD Cowen boosted their price objective on shares of AerCap from $95.00 to $100.00 and gave the company a buy rating in a report on Thursday. BMO Capital Markets cut their price objective on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a report on Monday, February 26th. Susquehanna increased their target price on AerCap from $90.00 to $100.00 and gave the company a positive rating in a report on Thursday. Finally, Barclays boosted their price target on AerCap from $93.00 to $94.00 and gave the company an overweight rating in a research note on Thursday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AerCap presently has a consensus rating of Buy and an average price target of $91.43.

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.