AerCap (NYSE:AER) Updates FY24 Earnings Guidance

AerCap (NYSE:AER - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $10.70 for the period, compared to the consensus earnings per share estimate of $11.05. AerCap also updated its FY 2024 guidance to 10.700-10.700 EPS.

Wall Street Analyst Weigh In

AER has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a report on Friday, August 2nd. TD Cowen reiterated a "buy" rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Barclays upped 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.43.

AerCap Stock Down 1.9 %

NYSE AER traded down $1.85 during midday trading on Wednesday, hitting $93.87. 1,838,346 shares of the company traded hands, compared to its average volume of 1,450,661. AerCap has a 52 week low of $60.52 and a 52 week high of $99.30. The company's 50-day simple moving average is $94.85 and its 200-day simple moving average is $92.48. The company has a market cap of $18.58 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29.

AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 earnings per share. As a group, equities research analysts forecast that AerCap will post 11.33 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.07%. AerCap's dividend payout ratio (DPR) is 6.51%.

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.