AerCap (NYSE:AER) Issues FY 2024 Earnings Guidance

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

Wall Street Analyst Weigh In

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

AerCap Stock Performance

AER traded up $0.78 during trading on Friday, reaching $87.60. 1,137,735 shares of the company’s stock were exchanged, compared to its average volume of 1,540,155. The company has a market capitalization of $17.34 billion, a P/E ratio of 5.70, a PEG ratio of 2.97 and a beta of 1.84. The company has a quick ratio of 0.33, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. The business has a 50 day moving average price of $83.94 and a 200 day moving average price of $75.54. AerCap has a fifty-two week low of $53.42 and a fifty-two week high of $88.54.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business earned $2.34 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that AerCap will post 9.2 earnings per share for the current fiscal year.

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.