AerCap Holdings (AER) to Issue Quarterly Dividend of $0.25 on June 13th

AerCap Holdings (NYSE:AERGet Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Wednesday, May 22nd will be given a dividend of 0.25 per share by the financial services provider on Thursday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, May 21st.

AerCap has a payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AerCap to earn $10.85 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 9.2%.

AerCap Stock Up 0.9 %

NYSE AER opened at $91.48 on Friday. The stock has a 50 day moving average price of $86.33 and a 200-day moving average price of $77.81. AerCap has a one year low of $56.38 and a one year high of $93.53. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $18.11 billion, a P/E ratio of 5.95, a P/E/G ratio of 2.78 and a beta of 1.84.

AerCap (NYSE:AERGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business earned $2.34 earnings per share. AerCap’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that AerCap will post 10.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AER. Susquehanna boosted their price objective on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. TD Cowen raised their price target on AerCap from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets cut their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, Barclays raised their target price on shares of AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $94.38.

Read Our Latest Analysis on AER

AerCap Company Profile

(Get Free Report)

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.

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