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AerCap (AER) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 12:05
AerCap (AER) came out with quarterly earnings of $3.01 per share, beating the Zacks Consensus Estimate of $2.41 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.90%. A quarter ago, it was expected that this airplane leasing company would post earnings of $2.31 per share when it actually produced earnings of $3.29, delivering a surprise of 42.42%.Over the last four quarters, the c ...
AerCap Announces Delivery of First Three Airbus A321neo Aircraft to AirAsia as Part of Fifteen Aircraft Deal
Prnewswire· 2024-08-01 11:00
DUBLIN, Aug. 1, 2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced the delivery of the first three of fifteen new Airbus A321neo aircraft on long-term lease to AirAsia Group* (AirAsia). The remaining 12 units are scheduled to deliver in 2024 and 2025. To mark the delivery of the new A321neo aircraft and the strengthening of their operational fleet to 200 aircraft, AirAsia hosted a special ceremony at their corporate headquarters, RedQ in Malaysia. The event was ...
AerCap Holdings N.V. Reports Strong Financial Results for Second Quarter 2024
Prnewswire· 2024-08-01 07:00
Net income for the second quarter of 2024 was $448 million, or $2.28 per share.Adjusted net income for the second quarter of 2024 was $592 million, or $3.01 per share.Raising full year adjusted earnings per share guidance from approximately $9.20 to approximately $10.25, not including any gains on sale in the second half of 2024.DUBLIN, Aug. 1, 2024 /PRNewswire/ -- AerCap Holdings N.V. (NYSE: AER), the industry leader across all areas of aviation leasing, today reported strong financial results for the seco ...
AerCap (AER) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-07-25 15:07
The market expects AerCap (AER) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August ...
Is Aercap (AER) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2024-07-22 14:41
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has AerCap (AER) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.AerCap is a member of the Finance sector. This group includes 862 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups ...
Best Momentum Stock to Buy for July 18th
ZACKS· 2024-07-18 13:20
Core Insights - Three stocks are highlighted with strong buy rankings and positive momentum characteristics for investors to consider on July 18th [1][2] Group 1: Bank7 (BSVN) - Bank7 operates as a community bank providing various financial services including deposits, loans, and wealth management [1] - The company has a Zacks Rank of 1 (Strong Buy) and its current year earnings estimate increased by 5.1% over the last 60 days [1] - Bank7's shares increased by 31.6% over the last three months, outperforming the S&P 500's gain of 11.6% [1] - The company holds a Momentum Score of A [1] Group 2: Aercap (AER) - Aercap is a global aviation company specializing in aircraft and engine leasing, trading, and parts sales [2] - The company also has a Zacks Rank of 1 and its current year earnings estimate rose by 3.4% over the last 60 days [2] - Aercap's shares gained 14.4% over the last three months, also outperforming the S&P 500's gain of 11.6% [2] - The company possesses a Momentum Score of A [2] Group 3: Avino Silver (ASM) - Avino Silver is engaged in the exploration and development of mineral properties [2] - The company has a Zacks Rank of 1 and its current year earnings estimate increased by 25.0% over the last 60 days [2] - Avino Silver's shares surged by 39.5% over the last three months, significantly outperforming the S&P 500's gain of 11.6% [2] - The company also holds a Momentum Score of A [2]
AerCap Welcomes New Mississippi Sales Taxation Legislation
Prnewswire· 2024-07-18 11:00
DUBLIN, July 18, 2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) has welcomed the enactment of new Mississippi taxation legislation, House Bill 1855, that introduces an exemption from sales tax for the lease or other retail transfers of fixed-wing aircraft and engines, accessories and spare parts for such fixed wing aircraft.(L-R): Rep. Jason White, Speaker of the House of Representatives, Jim Neill, President, Carroll County Board of Supervisors, Cyndi Long, Site Operation ...
Will AerCap (AER) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-07-09 17:16
Company Overview - AerCap is an airplane leasing company that has consistently beaten earnings estimates, with an average surprise of 34.94% over the last two quarters [1] - In the most recent quarter, AerCap reported earnings of $3.29 per share, exceeding the expected $2.31 per share by 42.42% [1] - For the previous quarter, the company reported $3.11 per share against an estimate of $2.44 per share, resulting in a surprise of 27.46% [1] Earnings Estimates - There has been a favorable change in earnings estimates for AerCap, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [1][3] - The current Earnings ESP for AerCap is +1.74%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [3] - AerCap holds a Zacks Rank of 2 (Buy), further indicating the potential for another earnings beat in the upcoming report [3] Earnings Release Information - The next earnings report for AerCap is expected to be released on August 1, 2024 [3] - The combination of a positive Earnings ESP and a favorable Zacks Rank significantly increases the likelihood of a positive earnings surprise, with historical data showing nearly 70% success in such cases [2]
AerCap to Lease Ten New Airbus A321neo Aircraft to Turkish Airlines
Prnewswire· 2024-07-09 11:00
DUBLIN, July 9, 2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced that it has reached agreement with Turkish Airlines for the lease of ten new Airbus A321neo aircraft."We are very pleased to support Turkish Airlines with the lease of these ten new A321neo aircraft, helping them to continue to grow their extensive route network while modernizing their narrowbody fleet for greater operational efficiency," said Aengus Kelly, the Chief Executive Officer of AerCap. ...
AerCap Holdings N.V. Announces Pricing of $750 Million Aggregate Principal Amount of Fixed-Rate Reset Junior Subordinated Notes
Prnewswire· 2024-07-08 20:30
Core Viewpoint - AerCap Holdings N.V. has successfully priced an offering of $750 million in Fixed-Rate Reset Junior Subordinated Notes due 2055, with an initial interest rate of 6.950% per annum, which will reset every five years based on the U.S. Treasury rate plus a spread of 2.720% [1][2]. Group 1: Offering Details - The offering consists of $750 million aggregate principal amount of Fixed-Rate Reset Junior Subordinated Notes due 2055 [1]. - The initial interest rate for the Notes is set at 6.950% per annum, with resets scheduled for March 10, 2030, and every five years thereafter [1]. - The Notes will be fully guaranteed on an unsecured junior subordinated basis by AerCap and certain subsidiaries [1]. Group 2: Use of Proceeds - The net proceeds from the Notes will be used for general corporate purposes, which may include redeeming a portion of the outstanding Fixed-Rate Reset Junior Subordinated Notes due 2079 on their first call date, October 10, 2024 [2]. Group 3: Underwriters - J.P. Morgan, Mizuho, Goldman Sachs & Co. LLC, and Santander are acting as joint book-running managers for the public offering [2]. Group 4: Company Overview - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [6]. - The company is listed on the New York Stock Exchange (AER) and is headquartered in Dublin, with additional offices in various global locations [6].