Aercap Holdings N.V. (AER) Announces Earnings Results
Aercap Holdings N.V. (NYSE:AER) issued its quarterly earnings results on Thursday. The financial services provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.15, Briefing.com reports. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $1.22 EPS. The business’s revenue was up 3.9% compared to the same quarter last year.
Aercap Holdings N.V. declared that its board has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
AER has been the subject of a number of recent analyst reports. Cowen and Company reiterated a “buy” rating and set a $55.00 price target on shares of Aercap Holdings N.V. in a report on Thursday, October 12th. Zacks Investment Research upgraded Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, August 15th. BidaskClub downgraded Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Credit Suisse Group reiterated a “buy” rating and set a $56.00 price target on shares of Aercap Holdings N.V. in a report on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price target on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.20.
In other Aercap Holdings N.V. news, Director James A. Lawrence acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average price of $49.81 per share, with a total value of $4,981,000.00. Following the completion of the purchase, the director now directly owns 53,280 shares of the company’s stock, valued at approximately $2,653,876.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Gradon sold 742 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $169,540.80. The disclosure for this sale can be found here.
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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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