LONDON, UK / ACCESSWIRE / June 7, 2018 / If you want access to our free earnings report on AerCap Holdings N.V. (NYSE: AER) ("AerCap"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AER. The Company reported its financial results on May 03, 2018, for the first quarter of the fiscal year 2018, ended March 31, 2018. For the reported quarter, the Company's earnings surpassed analysts' estimates, while its revenues were in-line with analysts' forecasts. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, AerCap Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, AerCap's total revenues reached $1.22 billion, reflecting a decrease of 1.43% from $1.24 billion in Q1 FY17. The Company's revenue numbers were consistent with analysts' consensus estimates. For the quarter under review, the Company's lease revenues declined 3.17% to $1.12 billion on a y-o-y basis, while its net gain on sale of assets jumped 88.68% to $89.30 million on a y-o-y basis.

As of March 31, 2018, AerCap's portfolio consisted of 1,519 aircraft that were owned, on order, or managed. The average age of its owned fleet was 6.8 years and the average remaining contracted lease term was 6.9 years as on March 31, 2018. AerCap executed 114 aircraft transactions in Q1 FY18, including 28 wide-body transactions. Of this, around 95% of new aircraft deliveries would be through 2019 and approximately 80% through 2020.

During Q1 FY18, AerCap incurred total expenses of $917.52 million, 2.39% lower than $939.99 million in Q1 FY17. The Company's selling, general, and administrative expenses (SG&A) advanced 2.76% to $85.78 million in Q1 FY18 from $83.48 million in Q1 FY17. Besides, the Company's leasing expenses also jumped 8.22% to $132.47 million on a y-o-y basis in the reported quarter.

AerCap's net income attributable to common shareholders was $265.40 million in the quarter ended March 31, 2018, 1.62% higher than $261.17 million in the same period of last year. The Company's diluted earnings per share (EPS) also rose 16.22% to $1.72 in the reported quarter from $1.48 in the year ago same quarter. This was higher than analysts' consensus estimates of $1.54 per share.

Cash Matters

AerCap had cash and cash equivalents of $2.15 billion as on March 31, 2018, an increase of 29.67% from $1.66 billion as on December 31, 2017. The Company had a debt of $28.89 billion at the end of Q1 FY18, 1.65% higher than $28.42 billion at the end of Q4 FY17.

AerCap's net cash inflow from operating activities was $737.97 million for the three months ended March 31, 2018, 7.93% lower than $801.51 million in the comparable period of last year. The Company spent $448 million on the purchase of flight equipment in Q1 FY18 compared to $603.58 million in Q1 FY17, reflecting a decrease of 25.78%.

AerCap spent $313.37 million on the repurchase of shares and tax withholdings on share-based compensation in the reported quarter, up 5.50% from $297.03 million in the prior year's corresponding quarter. The Company's Board of Directors approved a new share repurchase program authorizing total repurchases of up to $200 million of its ordinary shares through September 30, 2018.

Moreover, AerCap closed on $2.90 billion of debt financing, including $1.15 billion of senior unsecured notes offering in Q1 FY18. The Company had $10.80 billion of available liquidity, and an adjusted debt/equity ratio of 2.80 to 1 in the reported quarter.

Stock Performance Snapshot

June 06, 2018 - At Wednesday's closing bell, AerCap's stock slightly advanced 0.29%, ending the trading session at $54.97.

Volume traded for the day: 1.30 million shares, which was above the 3-month average volume of 1.07 million shares.

Stock performance in the last month - up 1.53%; previous three-month period - up 12.32%; past twelve-month period - up 22.89%; and year-to-date - up 4.49%

After yesterday's close, AerCap's market cap was at $8.12 billion.

Price to Earnings (P/E) ratio was at 8.23.

The stock is part of the Services sector, categorized under the Air Services, Other industry. This sector was up 0.8% at the end of the session.

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