Wall Street brokerages forecast that AerCap Holdings (NYSE:AER) will report $1.23 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for AerCap’s earnings. The highest sales estimate is $1.26 billion and the lowest is $1.18 billion. AerCap reported sales of $1.26 billion in the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 13th.
On average, analysts expect that AerCap will report full-year sales of $4.81 billion for the current year, with estimates ranging from $4.73 billion to $4.89 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.00 billion, with estimates ranging from $4.74 billion to $5.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover AerCap.
AerCap (NYSE:AER) last posted its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.24. AerCap had a return on equity of 12.15% and a net margin of 21.24%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in AER. Tower Research Capital LLC TRC purchased a new stake in AerCap during the 2nd quarter valued at $167,000. We Are One Seven LLC purchased a new stake in AerCap during the 3rd quarter valued at $222,000. Commonwealth Equity Services LLC purchased a new stake in AerCap during the 2nd quarter valued at $224,000. Daiwa SB Investments Ltd. purchased a new stake in AerCap during the 3rd quarter valued at $225,000. Finally, CIBC World Markets Inc. purchased a new stake in AerCap during the 1st quarter valued at $254,000. Institutional investors own 85.98% of the company’s stock.
AER stock traded up $0.37 during midday trading on Wednesday, hitting $50.67. The company’s stock had a trading volume of 29,053 shares, compared to its average volume of 1,273,593. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.05 and a beta of 1.91. AerCap has a 12 month low of $48.10 and a 12 month high of $58.30.
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.
Recommended Story: Analyzing a company’s cash flow statement
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.