AerCap Analysts Increase Their Forecasts Following Upbeat Q4 Earnings
Portfolio Pulse from Avi Kapoor
AerCap Holdings N.V. (NYSE:AER) reported Q4 earnings with a 4% revenue increase to $1.899 billion, slightly missing consensus. Adjusted EPS was $3.11, beating expectations. The company saw a 6% Y/Y increase in basic lease rents and recognized $614 million related to Ukraine Conflict recoveries. A new $500 million share repurchase program was approved for 2024. Analysts from Barclays and Susquehanna raised their price targets on AER following these results, citing strong operating environment and positive outlook.
February 26, 2024 | 2:20 pm
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POSITIVE IMPACT
AerCap reported a 4% revenue increase in Q4, with adjusted EPS beating expectations. Announced a $500M share repurchase program. Barclays and Susquehanna raised price targets.
The positive earnings report and the announcement of a significant share repurchase program are likely to instill investor confidence in AerCap, potentially leading to a short-term uptick in its stock price. The upgrades by Barclays and Susquehanna further support this positive outlook, indicating strong analyst confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100