AerCap (NYSE:AER) Posts Earnings Results, Beats Expectations By $0.60 EPS

AerCap (NYSE:AER) posted its quarterly earnings results on Thursday. The financial services provider reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60, Briefing.com reports. AerCap had a net margin of 42.02% and a return on equity of 15.21%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. AerCap updated its FY 2024 guidance to 10.250-10.25 EPS.

AerCap Stock Down 5.9 %

AER opened at $86.61 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 1-year low of $57.30 and a 1-year high of $98.79. The company has a market capitalization of $17.14 billion, a PE ratio of 5.64, a PEG ratio of 2.28 and a beta of 1.83. The firm’s 50 day simple moving average is $93.14 and its two-hundred day simple moving average is $86.32.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. AerCap’s dividend payout ratio (DPR) is 6.51%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AER shares. Morgan Stanley started coverage on shares of AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 price target on the stock. TD Cowen reiterated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Susquehanna increased their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday. Finally, Barclays increased their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.38.

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.