AerCap Holdings (NYSE:AER) Plans $0.25 Quarterly Dividend

AerCap Holdings (NYSE:AER) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, November 13th.

AerCap has a dividend payout ratio of 8.4% meaning its dividend is sufficiently covered by earnings. Analysts expect AerCap to earn $11.47 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 8.7%.

AerCap Stock Performance

AerCap stock opened at $94.00 on Thursday. AerCap has a 1 year low of $60.52 and a 1 year high of $99.30. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $18.61 billion, a P/E ratio of 6.11, a P/E/G ratio of 2.13 and a beta of 1.83. The business has a 50 day moving average of $94.85 and a 200-day moving average of $92.48.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. AerCap’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 earnings per share. On average, equities research analysts predict that AerCap will post 11.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Barclays raised their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna lifted their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, AerCap has an average rating of “Moderate Buy” and a consensus target price of $106.43.

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.