AerCap Holdings (NYSE:AER) Announces Dividend Increase - $0.27 Per Share

AerCap Holdings (NYSE:AER - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.27 per share by the financial services provider on Thursday, April 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25.

AerCap has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AerCap to earn $11.63 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 9.3%.

AerCap Price Performance

Shares of AER traded up $0.60 during mid-day trading on Friday, hitting $103.14. The company's stock had a trading volume of 2,642,021 shares, compared to its average volume of 1,279,521. The firm has a 50-day moving average price of $97.37 and a 200 day moving average price of $96.10. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 8.17, a PEG 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 fifty-two week low of $76.14 and a fifty-two week high of $107.36.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, research analysts predict that AerCap will post 11.29 EPS for the current fiscal year.

Remove Ads

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Susquehanna lifted their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday. Finally, Barclays reissued an "overweight" rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, AerCap presently has an average rating of "Moderate Buy" and an average price target of $116.17.

AerCap declared that its board has authorized a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is 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.