AerCap Holdings N.V. (AER) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $1.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.47. The company posted revenue of $1239.50 million in the period, compared to analysts expectations of $1226.97 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.
Many Wall Street Analysts have commented on AerCap Holdings N.V.. Shares were Reiterated by Cowen on May 13, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $52 .Shares were Downgraded by FBR Capital on May 13, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 43 from a previous price target of $50 .
AerCap Holdings N.V. opened for trading at $36.89 and hit $37.76 on the upside on Monday, eventually ending the session at $37.76, with a gain of 2.83% or 1.04 points. The heightened volatility saw the trading volume jump to 23,46,854 shares. Company has a market cap of $7,385 M.
In a different news, on Feb 29, 2016, Marius Jonkhart (director) purchased 5,000 shares at $34.62 per share price. According to the SEC, on Dec 11, 2015, James N Chapman (director) sold 2,000 shares at $41.28 per share price. On Jun 18, 2015, Michael Gradon (director) sold 1,603 shares at $46.41 per share price, according to the Form-4 filing with the securities and exchange commission.
AerCap Holdings N.V. is an independent aircraft leasing company. The Company is engaged in leasing financing sales and management of commercial aircraft and engines. The Company owns 1132 aircraft including 1100 aircraft held for operating lease 27 aircraft under finance and sales-type lease four aircraft that met the criteria for being classified as held for sale and one aircraft under contract to be parted-out but excluding three aircraft owned by AeroTurbine. The Company also managed 115 aircraft and AerDragon a non-consolidated joint venture owned or had on order another 32 aircraft. The Company also has 380 new aircraft on order. The Company’s owned and managed aircraft are leased to over 200 commercial airline and cargo operator customers in approximately 90 countries. The Company offers aircraft services including aircraft asset management administrative services and cash management services.