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Aercap Holdings (AER)
NYSE:AER
Holding AER?
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.53Last Year’s EPS
$3.11Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -0.98%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted AerCap's strong financial performance, record cash flows, and robust transaction activity, despite challenges with OEM delivery delays, a credit loss provision related to Azul, and the impact of the Boeing strike. The company has been proactive in managing risks and continues to execute on its strategic initiatives, such as reducing exposure to the Chinese market.Company Guidance
During AerCap's Q3 2024 earnings call, the company provided several key financial metrics and updates on its performance and future outlook. AerCap reported an adjusted net income of $463 million and adjusted earnings per share of $2.41. The company also achieved record operating cash flows of $5.6 billion over the past 12 months, reflecting strong demand for its assets amidst ongoing OEM delivery constraints. AerCap increased its full-year earnings guidance to approximately $10.70 per share, excluding any gains on sale for Q4. The company executed 226 transactions in Q3, including 160 lease agreements, 41 purchases, and 25 sales, with a utilization rate of 99% and extension rates exceeding 90%. AerCap also announced a $500 million share repurchase authorization, bringing total authorizations to $1.5 billion year-to-date, and declared a dividend of $0.25 per share for Q3.Strong Earnings and Guidance Increase
AerCap generated adjusted net income of $463 million and adjusted earnings per share of $2.41. The company increased its earnings guidance for the year from $10.25 to approximately $10.70.
Record Operating Cash Flow
AerCap achieved a record $5.6 billion in operating cash flows over the last 12 months.
High Utilization and Transaction Volume
The utilization rate was at 99%, the highest since the pandemic, with 226 transactions executed in Q3, including 160 lease agreements.
Strong Sales and Unlevered Margin
The company reported unlevered margins of 27% on asset sales for the quarter, selling 22 owned assets for $479 million.
Robust Share Repurchase and Dividend
AerCap added a $500 million share repurchase authorization and announced a dividend of $0.25 per share for Q3.
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AER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $95.47 | $93.64 | -1.92% |
| Aug 01, 2024 | $93.45 | $91.51 | -2.08% |
| May 01, 2024 | $83.81 | $84.83 | +1.22% |
| Feb 23, 2024 | $77.94 | $77.22 | -0.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aercap Holdings (AER) report earnings?
Aercap Holdings (AER) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Aercap Holdings (AER) earnings time?
Aercap Holdings (AER) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AER EPS forecast?
AER EPS forecast for the fiscal quarter 2024 (Q4) is $2.53.
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