Equities research analysts forecast that AerCap Holdings (NYSE:AER) will report sales of $1.22 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AerCap’s earnings, with the lowest sales estimate coming in at $1.19 billion and the highest estimate coming in at $1.25 billion. AerCap posted sales of $1.37 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.9%. The business is expected to report its next earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that AerCap will report full year sales of $1.22 billion for the current year, with estimates ranging from $4.97 billion to $5.02 billion. For the next financial year, analysts expect that the company will report sales of $5.07 billion per share, with estimates ranging from $4.85 billion to $5.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow AerCap.

A number of brokerages have commented on AER. Zacks Investment Research downgraded shares of AerCap from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Wells Fargo & Co set a $62.00 price objective on shares of AerCap and gave the company a “buy” rating in a research report on Friday, December 15th. Citigroup began coverage on shares of AerCap in a research report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective on the stock. Royal Bank of Canada dropped their price objective on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Finally, UBS Group increased their price objective on shares of AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. AerCap currently has a consensus rating of “Buy” and a consensus price target of $57.30.

Shares of AerCap (NYSE AER) traded down $0.19 during trading hours on Thursday, hitting $51.66. 1,800,381 shares of the company’s stock were exchanged, compared to its average volume of 1,368,999. AerCap has a 52 week low of $42.35 and a 52 week high of $55.67. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $8,043.01, a P/E ratio of 7.62, a PEG ratio of 0.67 and a beta of 1.80.

AerCap declared that its board has approved a share buyback plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Nova Scotia grew its position in shares of AerCap by 4.7% in the 2nd quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock valued at $281,000 after buying an additional 273 shares during the last quarter. Stifel Financial Corp grew its position in shares of AerCap by 1.6% in the 2nd quarter. Stifel Financial Corp now owns 26,115 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 410 shares during the last quarter. HighTower Advisors LLC grew its position in shares of AerCap by 10.7% in the 2nd quarter. HighTower Advisors LLC now owns 8,337 shares of the financial services provider’s stock valued at $389,000 after buying an additional 803 shares during the last quarter. Timber Creek Capital Management LLC grew its position in shares of AerCap by 1.2% in the 4th quarter. Timber Creek Capital Management LLC now owns 81,785 shares of the financial services provider’s stock valued at $4,302,000 after buying an additional 970 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its position in shares of AerCap by 1.0% in the 4th quarter. Eagle Global Advisors LLC now owns 101,547 shares of the financial services provider’s stock valued at $5,342,000 after buying an additional 970 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other 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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