AerCap (NYSE:AER) Issues FY 2024 Earnings Guidance

AerCap (NYSE:AER) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.200-9.200 for the period, compared to the consensus earnings per share estimate of 9.950. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to ~$9.20 EPS.

AerCap Price Performance

Shares of NYSE:AER traded up $0.78 during trading on Friday, reaching $87.60. 1,137,735 shares of the company traded hands, compared to its average volume of 1,540,155. The company has a quick ratio of 0.33, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 52 week low of $53.42 and a 52 week high of $88.54. The firm has a market capitalization of $17.34 billion, a PE ratio of 5.70, a PEG ratio of 2.97 and a beta of 1.84. The company’s 50 day moving average is $83.94 and its two-hundred day moving average is $75.54.

AerCap (NYSE:AER) last released its earnings results on Wednesday, May 1st. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $2.34 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that AerCap will post 9.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays boosted their price target on AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a report on Thursday. BMO Capital Markets dropped their target price on shares of AerCap from $103.00 to $101.00 and set an outperform rating for the company in a report on Monday, February 26th. TD Cowen lifted their price target on shares of AerCap from $95.00 to $100.00 and gave the company a buy rating in a report on Thursday. Finally, Susquehanna increased their price objective on shares of AerCap from $90.00 to $100.00 and gave the company a positive rating in a research note on Thursday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AerCap presently has a consensus rating of Buy and an average target price of $91.43.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.