AerCap (AER) Stock Falls Despite Earnings Beat
NEW YORK (TheStreet) -- Shares of AerCap Holdings (AER) - Get Report closed down by 2.23% to $40.30 on Tuesday, following the release of the company's 2015 third quarter earnings results today.
The Dutch independent aircraft leasing company reported a third quarter profit of $293.9 million, or $1.65 per share, versus analysts' $1.51 per share expectations.
Revenue for the period rose by 6.3% year over year to $1.32 billion, also topping analysts' $1.28 billion forecast.
"Demand for the most modern and fuel efficient narrow body aircraft remains strong and we continue to see stable values and demand for wide body aircraft types," CEO Aengus Kelly said in a statement. "Approximately 80% of our orderbook through December 2018 has already been placed and we continue to see the growing demand for operating leases globally."
Separately, TheStreet Ratings team rates AERCAP HOLDINGS NV as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
We rate AERCAP HOLDINGS NV (AER) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.
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