Brokerages predict that AerCap Holdings (NYSE:AER) will announce earnings of $1.55 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for AerCap’s earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.26. AerCap posted earnings per share of $1.62 in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The business is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that AerCap will report full-year earnings of $6.53 per share for the current financial year, with EPS estimates ranging from $6.21 to $6.75. For the next fiscal year, analysts anticipate that the company will post earnings of $6.75 per share, with EPS estimates ranging from $6.34 to $7.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for AerCap.

AerCap (NYSE:AER) last issued its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.23. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. AerCap had a net margin of 21.24% and a return on equity of 12.15%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 EPS.

Several equities analysts recently commented on AER shares. Zacks Investment Research raised shares of AerCap from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, May 28th. Deutsche Bank increased their price objective on shares of AerCap from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Cowen reissued an “outperform” rating and issued a $60.00 price objective (up previously from $58.00) on shares of AerCap in a research note on Friday, May 4th. Finally, Barclays dropped their price objective on shares of AerCap from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. AerCap currently has a consensus rating of “Hold” and an average price target of $63.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in AER. Nomura Holdings Inc. increased its position in AerCap by 101.1% in the 2nd quarter. Nomura Holdings Inc. now owns 2,389,477 shares of the financial services provider’s stock valued at $129,390,000 after acquiring an additional 229,369,767 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in AerCap by 386.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,158 shares of the financial services provider’s stock valued at $19,827,000 after acquiring an additional 290,862 shares during the period. Thompson Siegel & Walmsley LLC increased its position in AerCap by 12.1% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,262,335 shares of the financial services provider’s stock valued at $122,505,000 after acquiring an additional 243,958 shares during the period. Wells Fargo & Company MN increased its position in AerCap by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 3,913,681 shares of the financial services provider’s stock valued at $211,926,000 after acquiring an additional 242,817 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its position in AerCap by 40.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 846,389 shares of the financial services provider’s stock valued at $42,930,000 after acquiring an additional 242,529 shares during the period. Hedge funds and other institutional investors own 89.36% of the company’s stock.

NYSE:AER traded up $0.05 on Wednesday, hitting $56.61. The company had a trading volume of 17,932 shares, compared to its average volume of 1,148,934. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.24 and a beta of 1.88. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.49 and a quick ratio of 0.49. AerCap has a 52 week low of $47.70 and a 52 week high of $58.30.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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