AerCap Holdings (NYSE:AER) Increases Dividend to $0.27 Per Share

AerCap Holdings (NYSE:AER) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, March 12th will be given a dividend of 0.27 per share by the financial services provider on Thursday, April 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from AerCap’s previous quarterly dividend of $0.25.

AerCap has a dividend payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect AerCap to earn $11.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.6%.

AerCap Stock Up 0.7 %

AER opened at $102.24 on Thursday. The company has a fifty day moving average price of $97.01 and a 200-day moving average price of $95.94. The firm has a market capitalization of $20.24 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap has a one year low of $76.00 and a one year high of $107.36.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. Equities research analysts expect that AerCap will post 11.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AER has been the subject of several research reports. Barclays reiterated an “overweight” rating and issued a $115.00 target price on shares of AerCap in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.17.

AerCap declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.