Wall Street brokerages forecast that Aercap Holdings N.V. (NYSE:AER) will announce $1.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Aercap’s earnings. The highest sales estimate is $1.25 billion and the lowest is $1.19 billion. Aercap reported sales of $1.37 billion in the same quarter last year, which would suggest a negative year over year growth rate of 10.9%. The firm is scheduled to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that Aercap will report full year sales of $1.22 billion for the current financial year, with estimates ranging from $4.97 billion to $5.02 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.07 billion per share, with estimates ranging from $4.85 billion to $5.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Aercap.

Aercap (NYSE:AER) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.15. Aercap had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $1.22 EPS. Aercap’s revenue for the quarter was up 3.9% on a year-over-year basis.

Several brokerages recently weighed in on AER. Royal Bank Of Canada dropped their price objective on Aercap from $77.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. UBS upped their price objective on Aercap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Aercap from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Cowen upped their price objective on Aercap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, BidaskClub downgraded Aercap from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Aercap presently has a consensus rating of “Buy” and a consensus price target of $57.10.

Shares of Aercap (NYSE:AER) opened at $52.14 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17. Aercap has a 1 year low of $41.34 and a 1 year high of $54.50. The firm has a market capitalization of $8,240.00, a price-to-earnings ratio of 7.59, a P/E/G ratio of 0.71 and a beta of 1.87.

Aercap declared that its board has approved a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of AER. Israel Discount Bank of New York raised its position in Aercap by 35.2% in the second quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 950 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Aercap in the third quarter valued at about $208,000. Magnetar Financial LLC acquired a new stake in shares of Aercap in the third quarter valued at about $211,000. Caxton Associates LP acquired a new stake in shares of Aercap in the third quarter valued at about $225,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Aercap in the second quarter valued at about $228,000. Hedge funds and other institutional investors own 85.86% of the company’s stock.

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About Aercap

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. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.

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Earnings History and Estimates for Aercap (NYSE:AER)

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