AerCap (NYSE:AER) issued its earnings results on Wednesday. The financial services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.38 by $0.29, Morningstar.com reports. AerCap had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $2.01 EPS. The company’s revenue was down 7.7% compared to the same quarter last year.
AerCap (AER) opened at $51.66 on Wednesday. AerCap has a twelve month low of $42.35 and a twelve month high of $55.67. The company has a market capitalization of $8,193.12, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.69 and a beta of 1.80. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17.
AER has been the topic of several recent analyst reports. Wells Fargo & Co set a $62.00 target price on AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. UBS Group increased their target price on AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Citigroup initiated coverage on AerCap in a research note on Friday, December 8th. They set a “neutral” rating and a $57.00 target price on the stock. Finally, Royal Bank of Canada cut their target price on AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.30.
AerCap declared that its Board of Directors has approved a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Institutional investors have recently made changes to their positions in the stock. Financial Gravity Companies Inc. bought a new position in AerCap in the 4th quarter worth $130,000. Cerebellum GP LLC bought a new position in AerCap in the 4th quarter worth $127,000. Icon Wealth Partners LLC bought a new position in AerCap in the 4th quarter worth $134,000. Dorsey & Whitney Trust CO LLC bought a new position in AerCap in the 3rd quarter worth $208,000. Finally, Magnetar Financial LLC bought a new position in AerCap in the 3rd quarter worth $211,000. 85.34% of the stock is currently owned by institutional investors.
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AerCap Company Profile
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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