AerCap (NYSE:AER) Board of Directors Announces Stock Repurchase Program

AerCap (NYSE:AER) declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th, RTT News reports. The company plans to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AER shares. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Susquehanna boosted their target price on 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 set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.17.

AerCap Stock Up 0.6 %

Shares of NYSE AER opened at $103.14 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $97.20 and a 200 day moving average price of $95.98. AerCap has a 52 week low of $76.14 and a 52 week high of $107.36. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81.

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

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This is a positive change from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.05%. AerCap’s dividend payout ratio is 9.99%.

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.