Zacks: Brokerages Anticipate AerCap Holdings (AER) Will Post Quarterly Sales of $1.22 Billion

Wall Street analysts expect AerCap Holdings (NYSE:AER) to report sales of $1.22 billion for the current quarter, according to Zacks. Three analysts have issued estimates for AerCap’s earnings, with estimates ranging from $1.19 billion to $1.25 billion. AerCap posted sales of $1.37 billion during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The company is expected to announce its next earnings report on Tuesday, February 20th.

On average, analysts expect that AerCap will report full year sales of $1.22 billion for the current fiscal year, with estimates ranging from $4.97 billion to $5.02 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.07 billion per share, with estimates ranging from $4.85 billion to $5.35 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover AerCap.

AerCap (NYSE:AER) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.15. AerCap had a net margin of 22.84% and a return on equity of 13.84%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of AerCap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Cowen boosted their target price on shares of AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Royal Bank of Canada lowered their target price on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. UBS upped their price target on shares of AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, Wells Fargo & Company set a $62.00 price target on shares of AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $57.55.

AerCap (NYSE AER) opened at $52.74 on Wednesday. AerCap has a 1-year low of $41.34 and a 1-year high of $54.50. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $8,378.00, a price-to-earnings ratio of 7.74, a PEG ratio of 0.72 and a beta of 1.84.

AerCap declared that its board has approved a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC grew its holdings in AerCap by 55.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,043,859 shares of the financial services provider’s stock worth $94,896,000 after acquiring an additional 728,189 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in AerCap by 241.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 774,330 shares of the financial services provider’s stock worth $35,953,000 after acquiring an additional 547,706 shares in the last quarter. PGGM Investments bought a new position in AerCap during the 3rd quarter worth about $21,142,000. AJO LP lifted its position in shares of AerCap by 46.8% during the second quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock valued at $47,868,000 after buying an additional 328,529 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of AerCap by 33.3% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,196,400 shares of the financial services provider’s stock valued at $55,549,000 after buying an additional 298,681 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

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About AerCap

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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