Wall Street brokerages expect that AerCap Holdings (NYSE:AER) will post $1.19 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for AerCap’s earnings, with the lowest sales estimate coming in at $1.16 billion and the highest estimate coming in at $1.21 billion. AerCap posted sales of $1.27 billion in the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The business is scheduled to report its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that AerCap will report full year sales of $4.81 billion for the current year, with estimates ranging from $4.74 billion to $4.89 billion. For the next year, analysts expect that the firm will post sales of $5.00 billion per share, with estimates ranging from $4.75 billion to $5.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for AerCap.
AerCap (NYSE:AER) last released its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.23. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. AerCap had a return on equity of 12.15% and a net margin of 21.24%. AerCap’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS.
A number of research firms recently weighed in on AER. Zacks Investment Research raised AerCap from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Wednesday, August 1st. ValuEngine lowered AerCap from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Stephens lowered AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research note on Tuesday, July 31st. Barclays cut their price objective on AerCap from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, July 31st. Finally, Morgan Stanley boosted their price objective on AerCap from $53.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $63.00.
NYSE AER traded up $0.17 during trading hours on Monday, reaching $56.81. The company’s stock had a trading volume of 17,146 shares, compared to its average volume of 963,105. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.23 and a beta of 1.92. AerCap has a 1-year low of $48.13 and a 1-year high of $58.30. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.27.
A number of large investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. purchased a new position in AerCap in the first quarter worth approximately $146,000. Tower Research Capital LLC TRC purchased a new position in AerCap in the second quarter worth approximately $167,000. Commonwealth Equity Services LLC purchased a new position in AerCap in the second quarter worth approximately $224,000. Truvestments Capital LLC purchased a new position in AerCap in the second quarter worth approximately $265,000. Finally, CIBC World Markets Inc. purchased a new position in AerCap in the first quarter worth approximately $254,000. Institutional investors own 85.73% of the company’s stock.
AerCap Company Profile
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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