$1.22 Billion in Sales Expected for AerCap (AER) This Quarter

Wall Street brokerages predict that AerCap (NYSE:AER) will post sales of $1.22 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for AerCap’s earnings, with the highest sales estimate coming in at $1.24 billion and the lowest estimate coming in at $1.20 billion. AerCap posted sales of $1.24 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that AerCap will report full-year sales of $4.92 billion for the current year, with estimates ranging from $4.74 billion to $5.11 billion. For the next year, analysts expect that the firm will report sales of $5.17 billion per share, with estimates ranging from $4.88 billion to $5.45 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover AerCap.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. AerCap had a return on equity of 12.31% and a net margin of 21.36%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $2.01 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis.

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on AerCap from $49.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, April 12th. Macquarie assumed coverage on AerCap in a research report on Tuesday, March 13th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Royal Bank of Canada restated a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Finally, Deutsche Bank lifted their price objective on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $59.60.

Large investors have recently made changes to their positions in the business. Financial Gravity Companies Inc. purchased a new position in AerCap during the fourth quarter valued at $130,000. Cerebellum GP LLC purchased a new position in AerCap during the fourth quarter valued at $127,000. Icon Wealth Partners LLC purchased a new position in AerCap during the fourth quarter valued at $134,000. We Are One Seven LLC purchased a new position in AerCap during the fourth quarter valued at $188,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of AerCap in the fourth quarter worth $231,000. Institutional investors and hedge funds own 84.51% of the company’s stock.

Shares of NYSE AER traded down $0.08 during mid-day trading on Tuesday, hitting $52.70. 747,724 shares of the stock traded hands, compared to its average volume of 980,611. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.29. AerCap has a 52 week low of $42.35 and a 52 week high of $55.67. The firm has a market capitalization of $8,327.44, a PE ratio of 8.33, a P/E/G ratio of 0.70 and a beta of 1.81.

AerCap declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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