FBR & Co Weighs in on AerCap Holdings NV’s Q4 2016 Earnings (AER)
AerCap Holdings NV (NYSE:AER) – FBR & Co dropped their Q4 2016 EPS estimates for AerCap Holdings NV in a report released on Wednesday. FBR & Co analyst C. Nolan now forecasts that the brokerage will earn $1.39 per share for the quarter, down from their prior forecast of $1.43. FBR & Co currently has a “Hold” rating and a $43.00 target price on the stock. FBR & Co also issued estimates for AerCap Holdings NV’s Q3 2017 earnings at $1.52 EPS, Q4 2017 earnings at $1.53 EPS, Q1 2018 earnings at $1.64 EPS, Q2 2018 earnings at $1.71 EPS, Q3 2018 earnings at $1.77 EPS and FY2018 earnings at $6.96 EPS.
Several other analysts have also recently commented on the company. TheStreet upgraded AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday. DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of AerCap Holdings NV in a report on Wednesday. Stephens began coverage on AerCap Holdings NV in a report on Tuesday, November 1st. They issued an “overweight” rating and a $64.00 price target for the company. RBC Capital Markets restated an “outperform” rating and issued a $74.00 price target (up previously from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. Finally, Royal Bank Of Canada lifted their price target on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. AerCap Holdings NV has a consensus rating of “Buy” and a consensus target price of $54.77.
Shares of AerCap Holdings NV (NYSE:AER) opened at 42.33 on Thursday. The firm has a market cap of $7.81 billion, a PE ratio of 8.20 and a beta of 1.65. The company has a 50-day moving average of $40.10 and a 200 day moving average of $38.46. AerCap Holdings NV has a one year low of $24.61 and a one year high of $46.32.
AerCap Holdings NV (NYSE:AER) last issued its earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.24. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. AerCap Holdings NV had a net margin of 18.48% and a return on equity of 14.06%. The firm’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in AerCap Holdings NV by 11.0% in the first quarter. State Street Corp now owns 1,846,165 shares of the company’s stock worth $71,558,000 after buying an additional 182,441 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in AerCap Holdings NV by 4.1% in the first quarter. UBS Asset Management Americas Inc. now owns 498,517 shares of the company’s stock worth $19,323,000 after buying an additional 19,498 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in AerCap Holdings NV by 39.9% in the first quarter. Envestnet Asset Management Inc. now owns 186,013 shares of the company’s stock worth $7,210,000 after buying an additional 53,014 shares in the last quarter. Harvest Capital Strategies LLC boosted its position in AerCap Holdings NV by 33.7% in the first quarter. Harvest Capital Strategies LLC now owns 38,650 shares of the company’s stock worth $1,498,000 after buying an additional 9,750 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in AerCap Holdings NV during the first quarter worth $1,304,000. Hedge funds and other institutional investors own 88.11% of the company’s stock.
About AerCap Holdings NV
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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