AerCap (NYSE:AER) Issues FY 2024 Earnings Guidance

AerCap (NYSE:AER) updated its FY 2024 earnings guidance on Wednesday. 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 Trading Up 0.9 %

NYSE AER traded up $0.78 on Friday, reaching $87.60. 1,137,735 shares of the company were exchanged, compared to its average volume of 1,540,155. 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 business’s fifty day moving average price is $83.94 and its 200 day moving average price is $75.54. The stock has a market capitalization of $17.34 billion, a P/E ratio of 5.70, a price-to-earnings-growth ratio of 2.97 and a beta of 1.84. AerCap has a fifty-two week low of $53.42 and a fifty-two week high of $88.54.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Analysts forecast that AerCap will post 9.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AER shares. Barclays raised their price target on shares of AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a report on Thursday. TD Cowen raised their target price on AerCap from $95.00 to $100.00 and gave the stock a buy rating in a research note on Thursday. BMO Capital Markets decreased their price target on AerCap from $103.00 to $101.00 and set an outperform rating on the stock in a research note on Monday, February 26th. Finally, Susquehanna raised their price objective on AerCap from $90.00 to $100.00 and gave the stock a positive rating in a research report on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, AerCap has an average rating of Buy and a consensus price target of $91.43.

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.