AerCap (NYSE:AER) Releases FY 2024 Earnings Guidance

AerCap (NYSE:AER) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 10.700-10.700 for the period, compared to the consensus estimate of 11.240. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to $10.70 EPS.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AER. Barclays boosted their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Susquehanna increased their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. TD Cowen reiterated a “buy” rating and issued a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

AerCap Trading Up 0.8 %

Shares of AER stock traded up $0.76 on Friday, hitting $94.31. 1,263,325 shares of the company’s stock traded hands, compared to its average volume of 1,454,371. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 2.23 and a beta of 1.83. AerCap has a one year low of $63.20 and a one year high of $99.30. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day simple moving average is $94.83 and its 200 day simple moving average is $92.50.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.96%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 EPS. Equities analysts forecast that AerCap will post 10.7 EPS for the current year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. AerCap’s dividend payout ratio is 7.92%.

AerCap Company Profile

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.