AerCap Holdings (AER) To Go Ex-Dividend on March 12th

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 1.08%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a 8.0% increase from AerCap’s previous quarterly dividend of $0.25.

AerCap has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. 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 Performance

AER stock opened at $99.63 on Monday. The stock has a market capitalization of $18.61 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock’s 50 day simple moving average is $97.88 and its 200 day simple moving average is $96.33. AerCap has a 12-month low of $80.90 and a 12-month high of $107.36.

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

Analyst Ratings Changes

A number of brokerages have issued reports on AER. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Bank of America increased their price target on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Susquehanna increased their price target on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. Finally, Barclays reaffirmed an “overweight” rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.43.

AerCap announced that its board has approved a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.