AerCap (AER) to Repurchase $200.00 million in Shares

AerCap (NYSE:AER) announced that its board has approved a stock repurchase program, which allows the company to repurchase $200.00 million in outstanding shares on Wednesday, February 14th, EventVestor reports. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Shares of AerCap (NYSE AER) traded up $1.17 during mid-day trading on Wednesday, hitting $52.83. 656,658 shares of the stock traded hands, compared to its average volume of 1,328,802. The stock has a market cap of $8,193.12, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.69 and a beta of 1.80. AerCap has a 1-year low of $42.35 and a 1-year high of $55.67. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. AerCap had a net margin of 22.84% and a return on equity of 13.84%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS. equities analysts expect that AerCap will post 6.17 earnings per share for the current year.

A number of research analysts have issued reports on AER shares. Zacks Investment Research lowered shares of AerCap from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Cowen increased their price objective 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 cut their price objective 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 Group increased their price objective on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Finally, Wells Fargo & Co set a $62.00 price objective on shares of AerCap and gave the stock a “buy” rating in a report on Friday, December 15th. 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 assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.30.

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AerCap 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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