AerCap (NYSE:AER) Releases FY24 Earnings Guidance

AerCap (NYSE:AER) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of ~$9.20 for the period, compared to the consensus earnings per share estimate of $9.75. AerCap also updated its FY 2024 guidance to 9.200-9.200 EPS.

AerCap Stock Performance

Shares of AER opened at $87.60 on Friday. AerCap has a 52-week low of $53.42 and a 52-week high of $88.54. The stock’s 50-day simple moving average is $83.94 and its 200 day simple moving average is $75.54. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.33 and a current ratio of 0.26. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 2.97 and a beta of 1.84.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. AerCap’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $2.34 earnings per share. Research analysts forecast that AerCap will post 9.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AER. Susquehanna lifted their price objective on AerCap from $90.00 to $100.00 and gave the company a positive rating in a research note on Thursday. TD Cowen lifted their price target on AerCap from $95.00 to $100.00 and gave the company a buy rating in a research report on Thursday. BMO Capital Markets decreased their price objective on shares of AerCap from $103.00 to $101.00 and set an outperform rating on the stock in a research report on Monday, February 26th. Finally, Barclays lifted their target price on shares of AerCap from $93.00 to $94.00 and gave the company an overweight rating in a research report on Thursday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AerCap has a consensus rating of Buy and a consensus target price of $91.43.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.