AerCap Holdings (NYSE:AER) Declares Quarterly Dividend of $0.25

AerCap Holdings (NYSE:AER) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Wednesday, August 14th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 14th.

AerCap has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AerCap to earn $11.03 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 9.1%.

AerCap Stock Performance

NYSE AER traded up $0.34 during trading hours on Tuesday, hitting $92.60. 132,858 shares of the company’s stock traded hands, compared to its average volume of 1,588,378. AerCap has a 52 week low of $57.30 and a 52 week high of $98.79. The firm has a market capitalization of $18.33 billion, a P/E ratio of 6.00, a P/E/G ratio of 2.28 and a beta of 1.83. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. The business’s fifty day moving average price is $92.80 and its two-hundred day moving average price is $87.20.

AerCap (NYSE:AER) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a net margin of 42.02% and a return on equity of 15.21%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that AerCap will post 10.25 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on AER. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. Barclays increased their target price 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 lifted their price target on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Morgan Stanley began coverage on shares of AerCap in a research report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target for the company. Finally, Susquehanna raised their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $102.38.

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.