AerCap (NYSE:AER) posted its quarterly earnings results on Friday. The financial services provider reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13, Briefing.com reports. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.22 billion. AerCap had a net margin of 21.79% and a return on equity of 11.85%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 EPS.
Shares of NYSE:AER traded up $0.87 during mid-day trading on Friday, reaching $60.43. 1,896,622 shares of the company were exchanged, compared to its average volume of 1,047,887. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 8.85 and a beta of 1.81. The firm’s 50-day simple moving average is $56.05 and its 200 day simple moving average is $52.15. AerCap has a 1 year low of $36.16 and a 1 year high of $62.86.
A number of equities analysts recently weighed in on the stock. Compass Point increased their price objective on shares of AerCap from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Cowen increased their price objective on shares of AerCap from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Zacks Investment Research cut shares of AerCap from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Citigroup set a $61.00 price objective on shares of AerCap and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.43.
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers 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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