Equities Analysts Offer Predictions for AerCap Holdings NV’s Q4 2016 Earnings (AER)
AerCap Holdings NV (NYSE:AER) – Equities research analysts at DA Davidson upped their Q4 2016 earnings estimates for shares of AerCap Holdings NV in a note issued to investors on Thursday. DA Davidson analyst A. Cyganovich now expects that the brokerage will earn $1.77 per share for the quarter, up from their previous forecast of $1.47. DA Davidson currently has a “Buy” rating and a $52.00 target price on the stock. DA Davidson also issued estimates for AerCap Holdings NV’s Q1 2017 earnings at $1.47 EPS.
AER has been the topic of several other reports. FBR & Co reaffirmed a “hold” rating and issued a $40.00 target price on shares of AerCap Holdings NV in a research report on Monday, September 19th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $55.00 target price on shares of AerCap Holdings NV in a research report on Thursday, November 17th. Zacks Investment Research raised AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, July 26th. Royal Bank Of Canada raised their price objective on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. Finally, TheStreet raised AerCap Holdings NV from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.77.
Shares of AerCap Holdings NV (NYSE:AER) opened at 45.46 on Monday. The stock has a 50 day moving average price of $41.41 and a 200 day moving average price of $38.64. AerCap Holdings NV has a 12-month low of $24.61 and a 12-month high of $46.32. The stock has a market capitalization of $8.11 billion, a P/E ratio of 9.30 and a beta of 1.65.
AerCap Holdings NV (NYSE:AER) last posted 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. AerCap Holdings NV had a return on equity of 14.06% and a net margin of 18.48%. The business earned $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $1.64 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis.
In related news, Director Michael Gradon sold 1,091 shares of AerCap Holdings NV stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $44.57, for a total value of $48,625.87. Following the completion of the transaction, the director now directly owns 4,122 shares in the company, valued at $183,717.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional investors have recently bought and sold shares of the company. Nikko Asset Management Americas Inc. purchased a new position in AerCap Holdings NV during the third quarter worth approximately $115,000. LS Investment Advisors LLC increased its position in AerCap Holdings NV by 17.9% in the second quarter. LS Investment Advisors LLC now owns 4,184 shares of the company’s stock worth $141,000 after buying an additional 634 shares during the period. Huntington National Bank increased its position in AerCap Holdings NV by 255.5% in the second quarter. Huntington National Bank now owns 5,180 shares of the company’s stock worth $174,000 after buying an additional 3,723 shares during the period. Calvert Investment Management Inc. increased its position in AerCap Holdings NV by 4.4% in the second quarter. Calvert Investment Management Inc. now owns 6,104 shares of the company’s stock worth $205,000 after buying an additional 260 shares during the period. Finally, BancorpSouth Inc purchased a new position in AerCap Holdings NV during the third quarter worth approximately $206,000. Institutional investors and hedge funds own 85.71% of the company’s stock.
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AerCap Holdings NV Company Profile
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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