AerCap (NYSE:AER) Releases FY24 Earnings Guidance

AerCap (NYSE:AER) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $10.70 for the period, compared to the consensus earnings per share estimate of $11.05. AerCap also updated its FY 2024 guidance to 10.700-10.700 EPS.

Analysts Set New Price Targets

Several research firms have issued reports on AER. Susquehanna raised their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen reiterated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

AerCap Trading Up 0.8 %

NYSE:AER traded up $0.79 on Friday, reaching $94.34. The company’s stock had a trading volume of 1,264,168 shares, compared to its average volume of 1,454,371. AerCap has a 1-year low of $63.20 and a 1-year high of $99.30. The business’s 50-day moving average price is $94.83 and its two-hundred day moving average price is $92.50. The firm has a market cap of $18.67 billion, a PE ratio of 7.53, a PEG ratio of 2.23 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. AerCap had a return on equity of 13.96% and a net margin of 32.38%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $2.81 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that AerCap will post 10.7 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s payout ratio is 7.92%.

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.