Wall Street analysts expect that Aercap Holdings N.V. (NYSE:AER) will report sales of $1.20 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aercap Holdings N.V.’s earnings, with estimates ranging from $1.19 billion to $1.23 billion. Aercap Holdings N.V. posted sales of $1.23 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Aercap Holdings N.V. will report full-year sales of $1.20 billion for the current fiscal year, with estimates ranging from $4.87 billion to $5.00 billion. For the next fiscal year, analysts expect that the company will report sales of $5.16 billion per share, with estimates ranging from $5.01 billion to $5.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aercap Holdings N.V..

Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $1.22 earnings per share. Aercap Holdings N.V.’s revenue was up 2.0% compared to the same quarter last year.

A number of equities analysts have recently issued reports on AER shares. BidaskClub upgraded shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. ValuEngine raised shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Morgan Stanley dropped their price target on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. Credit Suisse Group AG reissued a “buy” rating and set a $56.00 price target on shares of Aercap Holdings N.V. in a research note on Friday, July 7th. Finally, Barclays PLC initiated coverage on shares of Aercap Holdings N.V. in a research note on Monday, July 10th. They set an “overweight” rating and a $61.00 price target for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $57.45.

Shares of Aercap Holdings N.V. (AER) traded down 0.44% during midday trading on Friday, hitting $51.77. 79,995 shares of the company’s stock traded hands. The company has a 50 day moving average price of $49.70 and a 200 day moving average price of $47.04. Aercap Holdings N.V. has a 1-year low of $38.20 and a 1-year high of $52.34. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 8.16 and a beta of 1.86.

Aercap Holdings N.V. announced that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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In other news, CEO Aengus Kelly sold 100,000 shares of the 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 completion of the sale, the chief executive officer now owns 2,231,875 shares of the company’s stock, valued at $111,303,606.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Gradon sold 742 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the sale, the director now directly owns 3,380 shares of the company’s stock, valued at approximately $169,540.80. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vivaldi Asset Management LLC acquired a new position in Aercap Holdings N.V. during the second quarter worth $6,896,000. AJO LP boosted its holdings in Aercap Holdings N.V. by 46.8% during the second quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock worth $47,868,000 after purchasing an additional 328,529 shares during the last quarter. Prudential Financial Inc. boosted its holdings 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 worth $766,000 after purchasing an additional 108 shares during the last quarter. Comerica Bank boosted its holdings in Aercap Holdings N.V. by 9.2% during the second quarter. Comerica Bank now owns 110,447 shares of the financial services provider’s stock worth $5,456,000 after purchasing an additional 9,329 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Aercap Holdings N.V. by 55.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,043,859 shares of the financial services provider’s stock worth $94,896,000 after purchasing an additional 728,189 shares during the last quarter. Institutional investors and hedge funds 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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Earnings History and Estimates for Aercap Holdings N.V. (NYSE:AER)

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