AerCap Holdings (AER) Releases Quarterly Earnings Results, Beats Expectations By $0.43 EPS
AerCap Holdings (NYSE:AER) announced its earnings results on Tuesday. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.43, Analyst Ratings Network reports.
AerCap Holdings (NYSE:AER) opened at 44.48 on Tuesday. AerCap Holdings has a 1-year low of $17.49 and a 1-year high of $48.81. The stock’s 50-day moving average is $44.84 and its 200-day moving average is $42.9. The company has a market cap of $5.061 billion and a P/E ratio of 18.51.
A number of analysts have recently weighed in on AER shares. Analysts at RBC Capital raised their price target on shares of AerCap Holdings from $48.00 to $53.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Credit Suisse raised their price target on shares of AerCap Holdings from $46.00 to $48.00 in a research note on Monday, July 14th. Finally, analysts at Citigroup Inc. initiated coverage on shares of AerCap Holdings in a research note on Wednesday, June 25th. They set a “buy” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. AerCap Holdings currently has a consensus rating of “Buy” and an average price target of $43.38.
AerCap Holdings N.V. is an integrated global aviation company. The Company is engaged in the business of acquiring aviation assets at attractive prices, lease the assets to suitable lessees, and manage the funding and other lease related costs efficiently.
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