Brokerages expect that Aercap Holdings N.V. (NYSE:AER) will post $1.23 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aercap Holdings N.V.’s earnings. The highest sales estimate is $1.25 billion and the lowest is $1.20 billion. Aercap Holdings N.V. posted sales of $1.37 billion in the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Aercap Holdings N.V. will report full year sales of $1.23 billion for the current year, with estimates ranging from $4.92 billion to $5.02 billion. For the next financial year, analysts forecast that the firm will report sales of $5.13 billion per share, with estimates ranging from $4.99 billion to $5.35 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Aercap Holdings N.V..
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.15. Aercap Holdings N.V. had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $1.22 earnings per share. Aercap Holdings N.V.’s quarterly revenue was up 3.9% compared to the same quarter last year.
Several analysts recently issued reports on AER shares. BidaskClub upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and set a $55.00 price objective on shares of Aercap Holdings N.V. in a report on Thursday, October 12th. Zacks Investment Research lowered Aercap Holdings N.V. from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price objective on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Finally, UBS AG increased their price objective on Aercap Holdings N.V. from $44.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Aercap Holdings N.V. currently has a consensus rating of “Buy” and an average price target of $57.10.
Shares of Aercap Holdings N.V. (NYSE:AER) traded down $1.06 during trading hours on Tuesday, hitting $50.61. The company had a trading volume of 1,957,200 shares, compared to its average volume of 1,240,113. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17. Aercap Holdings N.V. has a twelve month low of $41.34 and a twelve month high of $54.50. The stock has a market capitalization of $8,164.68, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.87.
Aercap Holdings N.V. announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Several large investors have recently modified their holdings of the company. First Republic Investment Management Inc. grew its position in shares of Aercap Holdings N.V. by 0.8% in the third quarter. First Republic Investment Management Inc. now owns 141,830 shares of the financial services provider’s stock valued at $7,249,000 after purchasing an additional 1,070 shares during the last quarter. Lenox Wealth Management Inc. grew its position in shares of Aercap Holdings N.V. by 30.8% in the third quarter. Lenox Wealth Management Inc. now owns 11,763 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 2,773 shares during the last quarter. Accident Compensation Corp grew its position in shares of Aercap Holdings N.V. by 25.7% in the third quarter. Accident Compensation Corp now owns 33,209 shares of the financial services provider’s stock valued at $1,697,000 after purchasing an additional 6,800 shares during the last quarter. Western Standard LLC acquired a new stake in shares of Aercap Holdings N.V. in the third quarter valued at about $332,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Aercap Holdings N.V. in the third quarter valued at about $211,000. 91.44% of the stock is currently owned by institutional investors.
About Aercap Holdings N.V.
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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