NEW YORK, May 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Avis Budget Group, Inc. (NASDAQ: CAR), AerCap Holdings N.V. (NYSE: AER), Aaron's, Inc. (NYSE: AAN), Ryder System, Inc. (NYSE: R) and Air Lease Corporation (NYSE: AL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2730-100free.
Avis Budget Group, Inc. Analyst Notes
On May 7, 2014, Avis Budget Group, Inc. (Avis Budget Group) reported its Q1 2014 financial results. Revenue increased 10.1% YoY to $1.9 billion, primarily due to the 6% increase in rental days and acquisitions of Payless and Zipcar. Net income stood at $4.0 million or $0.03 per diluted share, compared with net loss of $46.0 million or $0.43 per diluted share in Q1 2013. Adjusted EBITDA increased 25.8% YoY to $117.0 million. For Full-year 2014 the Company expects revenue to be approximately $8.4 billion to $8.6 billion, representing a 6% to 8% YoY increase, while adjusted EBITDA is expected to increase to approximately $825 million to $900 million. The full analyst notes on Avis Budget Group are available to download free of charge at:
http://www.analystsreview.com/2730-CAR-21May2014.pdf
AerCap Holdings N.V. Analyst Notes
On May 14, 2014, AerCap Holdings N.V. (AerCap) completed its previously announced acquisition of international Lease Finance Corporation (ILFC) from American International Group Inc (AIG). Under the terms of the agreement, AerCap paid $3.0 billion in cash and 97,560,976 AerCap ordinary shares, representing approximately 46% ownership position in the Company's ordinary share capital. The Company added that in connection with the acquisition, AerCap Ireland Capital Limited and AerCap Global Aviation Trust, each a wholly-owned subsidiary of AerCap, completed their previously announced offering of $2.6 billion aggregate principal amount of senior notes. The Company further added that after the acquisition, the Company's new $2.75 billion four-year unsecured credit facility became available, replacing ILFC's $2.3 billion unsecured revolving credit facility. AerCap informed that as part of the transaction, AerCap procured a five-year $1.0 billion unsecured revolving credit facility from AIG. The full analyst notes on AerCap are available to download free of charge at:
http://www.analystsreview.com/2730-AER-21May2014.pdf
Aaron's, Inc. Analyst Notes
On May 13, 2014, Aaron's, Inc. (Aaron's) announced that it has reached an agreement with Vintage Capital Management (Vintage), the Company's second largest shareholder, under which the Company will increase the Board members from eight to ten directors. The Company stated that Brian R. Kahn, Managing Member of Vintage, has been appointed to the Board effective May 20, 2014, while Matthew E. Avril, former President of the Hotel Group of Starwood Hotels & Resorts Worldwide Inc. (Starwood), will be appointed to the Board within 30 days following the 2014 Annual Meeting. The full analyst notes on Aaron's are available to download free of charge at:
http://www.analystsreview.com/2730-AAN-21May2014.pdf
Ryder System, Inc. Analyst Notes
On May 7, 2014, Ryder System, Inc. (Ryder) announced that it has teamed up with Quantum Fuel Systems Technologies Worldwide, Inc. for the purchase and supply of complete compressed natural gas fuel systems, which will help reduce costs and increase vehicle uptime. Under the agreement, Ryder will purchase CNG tank systems directly from Quantum and install them onto CNG-powered vehicles. According to the Company, with this direct purchase, Ryder can pass savings onto its lease customers, delivering a faster return on investment. The Company stated that it will be the first of its kind to use Quantum's OEM-quality CNG systems. Dennis Cooke, Ryder President of Global Fleet Management Solutions, said, "Next to the limited commercial fuel infrastructure, the biggest barrier to the broad adoption of natural gas vehicles is the initial cost of the technology. This relationship will help make compressed natural gas vehicles more affordable and reliable, so more businesses can take advantage of their environmental and efficiency benefits." The full analyst notes on Ryder are available to download free of charge at:
http://www.analystsreview.com/2730-R-21May2014.pdf
Air Lease Corporation Analyst Notes
On May 12, 2014, Air Lease Corporation (Air Lease) announced that its owned Air Lease Corporation's Fleet Reaches 200 Aircraft Milestone. The Company acknowledged the recent deliveries on May 9, 2014 of a new Boeing 737-800, new Airbus A321, and a new ATR 72-600 to MIAT Mongolian Airlines in Seattle, Washington, Thomas Cook Airlines in Hamburg, Germany, and Golden Myanmar Airways in Toulouse, France, respectively, resulted into this Milestone. Steven F. Udvar-Hazy, Chairman and CEO, Air Lease stated, "As we discussed in last week's first quarter earnings call, ALC has benefited from strong replacement-driven demand for new generation aircraft from our airline customers. We have also enjoyed a lower rate of funding, which resulted in wider profit margins, a more robust balance sheet, and a stronger overall financial profile than originally anticipated. These factors have allowed ALC the flexibility to absorb more aircraft into its fleet at a faster pace than projected at the founding of the company." The full analyst notes on Air Lease are available to download free of charge at:
http://www.analystsreview.com/2730-AL-21May2014.pdf
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
