AerCap (NYSE:AER) Issues FY 2024 Earnings Guidance

AerCap (NYSE:AER - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 9.200-9.200 for the period, compared to the consensus EPS estimate of 9.950. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to ~$9.20 EPS.

AerCap Stock Up 1.2 %

AER stock traded up $1.03 during mid-day trading on Wednesday, hitting $85.52. 2,646,373 shares of the company were exchanged, compared to its average volume of 1,581,139. The firm has a market cap of $16.93 billion, a P/E ratio of 6.05, a P/E/G ratio of 2.81 and a beta of 1.85. AerCap has a 1-year low of $53.42 and a 1-year high of $88.54. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.33 and a current ratio of 0.33. The firm's 50 day simple moving average is $83.58 and its 200 day simple moving average is $75.27.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.67. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 earnings per share. On average, sell-side analysts predict that AerCap will post 9.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on AER shares. Barclays boosted their price target on shares of AerCap from $84.00 to $93.00 and gave the stock an overweight rating in a research report on Monday, February 26th. BMO Capital Markets decreased their price target on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research note on Monday, February 26th. Susquehanna upped their price objective on AerCap from $80.00 to $90.00 and gave the stock a positive rating in a research note on Monday, February 26th. Finally, TD Cowen reissued a buy rating and issued a $85.00 target price on shares of AerCap in a research note on Tuesday, February 27th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, AerCap presently has an average rating of Buy and a consensus target price of $87.71.

AerCap Company Profile

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.