Zacks: Brokerages Anticipate AerCap Holdings (AER) Will Post Quarterly Sales of $1.23 Billion

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 research analysts have recently commented on AER shares. Zacks Investment Research downgraded AerCap from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Stephens downgraded AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research report on Tuesday, July 31st. Barclays lowered their target price on AerCap from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, July 31st. Finally, Morgan Stanley increased their target price on AerCap from $53.00 to $54.00 and gave the company an “underweight” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. AerCap presently has a consensus rating of “Hold” and a consensus price target of $62.90.

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.

About AerCap

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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