AerCap Holdings (NYSE:AER) Plans Dividend Increase – $0.27 Per Share

AerCap Holdings (NYSE:AER) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors 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 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, March 12th. This is a boost from AerCap’s previous quarterly dividend of $0.25.

AerCap has a dividend payout ratio of 8.2% meaning 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 Stock Up 0.4 %

NYSE AER opened at $102.79 on Friday. AerCap has a 1-year low of $76.14 and a 1-year high of $107.36. The company has a market capitalization of $20.35 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 2.22 and a beta of 1.81. The stock’s 50 day moving average is $97.20 and its two-hundred day moving average is $95.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Finally, Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.17.

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.