AerCap Holdings (AER) Expected to Post Earnings of $1.36 Per Share

Wall Street brokerages predict that AerCap Holdings (NYSE:AER) will post $1.36 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for AerCap’s earnings, with the highest EPS estimate coming in at $1.47 and the lowest estimate coming in at $1.05. AerCap posted earnings of $2.18 per share in the same quarter last year, which indicates a negative year over year growth rate of 37.6%. The firm is expected to announce its next earnings report before the market opens on Tuesday, February 20th.

On average, analysts expect that AerCap will report full year earnings of $6.14 per share for the current fiscal year, with EPS estimates ranging from $5.84 to $6.24. For the next year, analysts anticipate that the company will report earnings of $6.21 per share, with EPS estimates ranging from $5.81 to $6.50. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for AerCap.

AerCap (NYSE:AER) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $1.22 earnings per share. AerCap’s revenue for the quarter was up 3.9% on a year-over-year basis.

AER has been the subject of several research analyst reports. Zacks Investment Research cut shares of AerCap from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Cowen reiterated a “buy” rating and set a $55.00 target price on shares of AerCap in a research note on Thursday, October 12th. UBS Group upped their target price 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. Citigroup initiated coverage on shares of AerCap in a research note on Friday, December 8th. They set a “neutral” rating and a $57.00 target price for the company. Finally, Royal Bank of Canada cut their target price on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. AerCap presently has a consensus rating of “Buy” and a consensus price target of $57.30.

Shares of AerCap (NYSE AER) opened at $54.11 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. AerCap has a one year low of $41.54 and a one year high of $54.70. The firm has a market cap of $8,490.19, a price-to-earnings ratio of 7.98, a PEG ratio of 0.72 and a beta of 1.85.

AerCap declared that its board has approved a stock buyback plan on Thursday, November 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in AER. Dorsey & Whitney Trust CO LLC bought a new stake in AerCap in the 3rd quarter valued at $208,000. Magnetar Financial LLC bought a new stake in AerCap in the 3rd quarter valued at $211,000. Caxton Associates LP bought a new stake in AerCap in the 3rd quarter valued at $225,000. KCS Wealth Advisory bought a new stake in AerCap in the 4th quarter valued at $238,000. Finally, First Allied Advisory Services Inc. bought a new stake in AerCap in the 3rd quarter valued at $269,000. Hedge funds and other institutional investors own 85.75% 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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