AerCap Holdings N.V. (NYSE:AER – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.40 per share by the financial services provider on Thursday, December 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, November 10th.
AerCap has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AerCap to earn $19.72 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 8.1%.
AerCap Trading Up 1.9%
AER opened at $169.31 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41. The company’s 50 day simple moving average is $147.49 and its two-hundred day simple moving average is $145.16. AerCap has a 1-year low of $129.85 and a 1-year high of $170.58. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99.
AerCap (NYSE:AER – Get Free Report) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, topping the consensus estimate of $4.56 by $2.00. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.15 billion. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.97 EPS. Analysts expect that AerCap will post 22.30 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Weiss Ratings upgraded AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. Citigroup upped their target price on AerCap from $178.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Barclays raised their target price on AerCap from $179.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Morgan Stanley raised their target price on AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Finally, TD Cowen lifted their price target on AerCap from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $185.88.
Check Out Our Latest Report on AerCap
AerCap Company Profile
AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.
The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.
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