AerCap (NYSE:AER) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.29, Morningstar.com reports. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. AerCap had a return on equity of 13.84% and a net margin of 22.84%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.01 earnings per share.

AerCap (AER) opened at $51.66 on Wednesday. The firm has a market capitalization of $8,193.12, a PE ratio of 7.62, a PEG ratio of 0.69 and a beta of 1.80. 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 12-month low of $42.35 and a 12-month high of $55.67.

AerCap declared that its Board of Directors has authorized a share buyback plan on Thursday, November 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional investors have recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new position in shares of AerCap during the fourth quarter valued at about $130,000. Cerebellum GP LLC purchased a new position in shares of AerCap during the fourth quarter valued at about $127,000. Icon Wealth Partners LLC purchased a new position in shares of AerCap during the fourth quarter valued at about $134,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of AerCap during the third quarter valued at about $208,000. Finally, Magnetar Financial LLC purchased a new position in shares of AerCap during the third quarter valued at about $211,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

A number of research firms have commented on AER. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Wells Fargo & Co set a $62.00 price target on AerCap and gave the company a “buy” rating in a report on Friday, December 15th. Royal Bank of Canada decreased their price target on AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. Citigroup began coverage on AerCap in a report on Friday, December 8th. They set a “neutral” rating and a $57.00 price target on the stock. Finally, UBS Group raised their price target on AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. AerCap has a consensus rating of “Buy” and an average target price of $57.30.

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

Earnings History for AerCap (NYSE:AER)

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