Why AerCap (AER) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of AerCap Holdings NV  (AER) are up 4.31% to $45.48 after the aviation company announced first quarter 2014 adjusted net income was $79.9 million, compared with $68.0 million for the same period in 2013.

First quarter 2014 adjusted earnings per share were 70 cents, compared with 60 cents for the same period in 2013.

Total revenue for the quarter was $264.8 million versus $245.8 million a year ago, an 8% increase.

First quarter 2014 reported net income was $54.7 million, compared with $67.5 million for the same period in 2013. 

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First quarter 2014 reported basic earnings per share were 48 cents, compared with 59 cents for the same period in 2013.

The decrease in net income and earnings per share from first quarter 2013 was driven primarily by costs incurred in first quarter 2014 relating to the ILFC transaction.

The fleet utilization rate was 98.9% for quarter.

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 revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."

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