AerCap (AER) Set to Announce Quarterly Earnings on Wednesday

AerCap (NYSE:AER - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.43 per share for the quarter. AerCap has set its FY 2024 guidance at 10.250-10.25 EPS.Parties interested in registering for the company's conference call can do so using this link.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter last year, the business posted $2.56 earnings per share. The business's revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect AerCap to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

AerCap Price Performance

Shares of AerCap stock traded down $0.62 during trading on Wednesday, hitting $95.61. 701,739 shares of the company were exchanged, compared to its average volume of 1,461,642. AerCap has a fifty-two week low of $58.46 and a fifty-two week high of $99.30. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 6.22, a P/E/G ratio of 2.13 and a beta of 1.83. The firm has a 50 day moving average price of $94.72 and a 200 day moving average price of $92.13. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap's dividend payout ratio (DPR) is presently 6.51%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AER. Susquehanna raised their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research report on Friday, August 2nd. Barclays lifted their price objective on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, TD Cowen restated a "buy" rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.43.

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.