AerCap (NYSE:AER – Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.60, Briefing.com reports. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.21% and a net margin of 42.02%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 EPS. AerCap updated its FY 2024 guidance to 10.250-10.25 EPS.
AerCap Stock Performance
NYSE:AER traded down $5.39 during trading hours on Friday, reaching $86.61. 3,672,831 shares of the stock were exchanged, compared to its average volume of 1,445,035. The stock has a market capitalization of $17.14 billion, a P/E ratio of 5.64, a P/E/G ratio of 2.28 and a beta of 1.83. The firm has a 50 day simple moving average of $93.02 and a 200-day simple moving average of $86.41. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 52 week low of $57.30 and a 52 week high of $98.79.
AerCap Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, August 14th. AerCap’s payout ratio is currently 6.51%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on AerCap
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.
Featured Stories
- Five stocks we like better than AerCap
- How to Evaluate a Stock Before Buying
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Trading Halts Explained
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.