AerCap Holdings NV to Post Q4 2016 Earnings of $1.67 Per Share, FBR & Co Forecasts (AER)
AerCap Holdings NV (NYSE:AER) – FBR & Co lifted their Q4 2016 earnings estimates for AerCap Holdings NV in a research note issued on Thursday. FBR & Co analyst C. Nolan now expects that the firm will earn $1.67 per share for the quarter, up from their previous forecast of $1.39. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for AerCap Holdings NV’s Q3 2017 earnings at $1.54 EPS and Q4 2017 earnings at $1.55 EPS.
AER has been the subject of several other research reports. DA Davidson restated a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. Royal Bank Of Canada raised their price target on shares of AerCap Holdings NV from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. TheStreet upgraded shares of AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Credit Suisse Group AG restated a “buy” rating and set a $55.00 price target on shares of AerCap Holdings NV in a report on Thursday, November 17th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $74.00 price objective (up previously from $72.00) on shares of AerCap Holdings NV in a research note on Friday, August 12th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.77.
Shares of AerCap Holdings NV (NYSE:AER) opened at 45.17 on Monday. AerCap Holdings NV has a 52-week low of $24.61 and a 52-week high of $46.32. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 9.24 and a beta of 1.65. The firm’s 50-day moving average is $41.23 and its 200 day moving average is $38.60.
AerCap Holdings NV (NYSE:AER) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.24. AerCap Holdings NV had a net margin of 18.48% and a return on equity of 14.06%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. The company’s quarterly revenue was down 7.3% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of AER. Cooke & Bieler LP increased its position in AerCap Holdings NV by 4.9% in the second quarter. Cooke & Bieler LP now owns 2,552,174 shares of the company’s stock worth $85,727,000 after buying an additional 119,126 shares in the last quarter. Royal Bank of Canada increased its position in AerCap Holdings NV by 8.1% in the second quarter. Royal Bank of Canada now owns 1,021,427 shares of the company’s stock worth $34,310,000 after buying an additional 76,433 shares in the last quarter. Cambiar Investors LLC increased its position in AerCap Holdings NV by 13.6% in the second quarter. Cambiar Investors LLC now owns 4,754,026 shares of the company’s stock worth $159,688,000 after buying an additional 567,529 shares in the last quarter. Todd Asset Management LLC increased its position in AerCap Holdings NV by 14.7% in the second quarter. Todd Asset Management LLC now owns 553,695 shares of the company’s stock worth $18,599,000 after buying an additional 70,978 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in AerCap Holdings NV during the first quarter worth about $1,304,000. 85.71% of the stock is currently owned by hedge funds and other institutional investors.
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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