AerCap (NYSE:AER) Issues FY 2024 Earnings Guidance

AerCap (NYSE:AER) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 10.700-10.700 for the period, compared to the consensus estimate of 11.240. The company issued revenue guidance of -. AerCap also updated its FY24 guidance to $10.70 EPS.

AerCap Stock Performance

Shares of AER stock traded up $0.76 during mid-day trading on Friday, hitting $94.31. 1,263,325 shares of the stock were exchanged, compared to its average volume of 1,454,371. AerCap has a 12-month low of $63.20 and a 12-month high of $99.30. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 2.23 and a beta of 1.83. The stock’s fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $92.50.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.96%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 EPS. On average, analysts forecast that AerCap will post 10.7 EPS for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Susquehanna increased their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

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.