Aercap Holdings N.V. (AER) Expected to Post Quarterly Sales of $1.20 Billion
Brokerages predict that Aercap Holdings N.V. (NYSE:AER) will post sales of $1.20 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Aercap Holdings N.V.’s earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.19 billion. Aercap Holdings N.V. reported sales of $1.23 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The company is expected to issue its next earnings results on Tuesday, November 14th.
On average, analysts expect that Aercap Holdings N.V. will report full-year sales of $1.20 billion for the current year, with estimates ranging from $4.87 billion to $5.00 billion. For the next financial year, analysts anticipate that the business will report sales of $5.16 billion per share, with estimates ranging from $5.01 billion to $5.33 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Aercap Holdings N.V..
Aercap Holdings N.V. (NYSE:AER) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. Aercap Holdings N.V.’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS.
A number of research analysts recently weighed in on AER shares. Credit Suisse Group restated a “buy” rating and set a $56.00 price objective on shares of Aercap Holdings N.V. in a research report on Wednesday, May 24th. ValuEngine downgraded shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley lowered their price objective on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. Finally, Barclays PLC started coverage on shares of Aercap Holdings N.V. in a research report on Monday, July 10th. They set an “overweight” rating and a $61.00 price objective on the stock. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $57.45.
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Shares of Aercap Holdings N.V. (NYSE:AER) opened at 49.61 on Friday. The company has a market cap of $7.97 billion, a PE ratio of 7.82 and a beta of 1.85. Aercap Holdings N.V. has a 12-month low of $36.38 and a 12-month high of $50.90. The company has a 50 day moving average of $49.16 and a 200-day moving average of $46.51.
Aercap Holdings N.V. announced that its Board of Directors has approved a stock buyback plan on Thursday, August 3rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, CEO Aengus Kelly sold 100,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the sale, the chief executive officer now directly owns 2,231,875 shares in the company, valued at approximately $111,303,606.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Gradon sold 742 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the sale, the director now owns 3,380 shares in the company, valued at $169,540.80. The disclosure for this sale can be found here.
Several hedge funds have recently made changes to their positions in the company. Financial Architects Inc raised its position in shares of Aercap Holdings N.V. by 2.1% during the 2nd quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 52 shares during the period. Prudential Financial Inc. grew its stake in Aercap Holdings N.V. by 0.7% during the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 108 shares in the last quarter. Financial Counselors Inc. grew its stake in Aercap Holdings N.V. by 1.7% during the first quarter. Financial Counselors Inc. now owns 6,632 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 111 shares in the last quarter. Huntington National Bank grew its stake in Aercap Holdings N.V. by 4.8% during the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 136 shares in the last quarter. Finally, United Capital Financial Advisers LLC grew its stake in Aercap Holdings N.V. by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 59,567 shares of the financial services provider’s stock valued at $2,738,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.
Aercap Holdings N.V. Company Profile
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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