AerCap (NYSE:AER) Updates FY 2024 Earnings Guidance

AerCap (NYSE:AER) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.250-10.25 for the period, compared to the consensus estimate of 10.620. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AER. Barclays raised their price objective on AerCap from $94.00 to $111.00 and gave the stock an overweight rating in a research note on Thursday, July 18th. Susquehanna boosted their price objective on AerCap from $90.00 to $100.00 and gave the stock a positive rating in a research note on Thursday, May 2nd. Morgan Stanley started coverage on shares of AerCap in a research note on Friday, June 7th. They issued an equal weight rating and a $103.00 target price on the stock. TD Cowen reiterated a buy rating and issued a $125.00 target price on shares of AerCap in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $95.00 to $110.00 and gave the stock a buy rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $99.44.

AerCap Price Performance

Shares of NYSE AER opened at $93.95 on Thursday. The business has a 50-day moving average of $93.08 and a 200-day moving average of $86.23. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 2.25 and a beta of 1.83. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. AerCap has a 1-year low of $57.30 and a 1-year high of $98.79.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that AerCap will post 10.61 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. AerCap’s payout ratio is currently 6.51%.

AerCap Company Profile

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.