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

AerCap Holdings (NYSE:AER) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors 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 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 13th.

AerCap has a 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 Price Performance

Shares of NYSE:AER opened at $93.87 on Thursday. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 2.13 and a beta of 1.83. 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 firm has a 50 day simple moving average of $94.85 and a 200 day simple moving average of $92.48. AerCap has a one year low of $60.52 and a one year high of $99.30.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 earnings per share. Research analysts predict that AerCap will post 11.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AER. Susquehanna raised their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target 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. TD Cowen reissued a “buy” rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Finally, Barclays lifted their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.43.

About AerCap

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.