AerCap Holdings (AER) Expected to Announce Quarterly Sales of $1.22 Billion

Brokerages expect AerCap Holdings (NYSE:AER) to report sales of $1.22 billion for the current quarter, Zacks Investment Research reports. 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 in the same quarter last year, which suggests a negative year-over-year growth rate of 10.9%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that AerCap will report full-year sales of $1.22 billion for the current year, with estimates ranging from $4.97 billion to $5.02 billion. For the next financial year, analysts forecast that the company will report sales of $5.07 billion per share, with estimates ranging from $4.85 billion to $5.35 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for AerCap.

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

Several research firms have commented on AER. Zacks Investment Research lowered shares of AerCap from a “hold” rating to a “sell” rating in a research report on Monday. UBS Group increased their price target on shares of AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Citigroup began coverage on shares of AerCap in a research report on Friday, December 8th. They set a “neutral” rating and a $57.00 price target for the company. Cowen reissued a “buy” rating and set a $55.00 price target on shares of AerCap in a research report on Thursday, October 12th. Finally, Wells Fargo & Co set a $62.00 price target on shares of AerCap and gave the company a “buy” rating in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.30.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new position in AerCap during the 4th quarter worth approximately $127,000. Dorsey & Whitney Trust CO LLC purchased a new position in AerCap during the 3rd quarter worth approximately $208,000. Magnetar Financial LLC purchased a new position in AerCap during the 3rd quarter worth approximately $211,000. Caxton Associates LP purchased a new position in AerCap during the 3rd quarter worth approximately $225,000. Finally, KCS Wealth Advisory purchased a new position in AerCap during the 4th quarter worth approximately $238,000. 85.43% of the stock is owned by institutional investors.

Shares of AerCap (AER) opened at $52.24 on Thursday. The company has a market cap of $8,250.00, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.68 and a beta of 1.79. AerCap has a 1 year low of $42.35 and a 1 year high of $55.67. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17.

AerCap declared that its board has initiated a share repurchase program on Thursday, November 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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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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