AerCap Holdings N.V. (NYSE:AER) Shares Set to Pay Quarterly Dividend of $0.40

Key Points

• AerCap declared a quarterly dividend of $0.40 per share, payable December 3 to shareholders of record November 11. The annualized dividend is $1.60, yielding approximately 1.0%, with a November 10 ex-dividend date.
• The dividend appears well covered, with a current payout ratio of 12.2% and an expected future payout ratio of 8.7% based on projected earnings.
• AerCap exceeded quarterly earnings expectations, reporting $6.56 in EPS versus the $4.56 consensus and $2.42 billion in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $173.11.

AerCap Holdings N.V. (NYSE:AER - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors 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 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, November 10th.

AerCap has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AerCap to earn $18.48 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 8.7%.

AerCap Stock Performance

Shares of AerCap stock opened at $155.71 on Thursday. The firm has a market cap of $25.99 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.57 and a beta of 0.98. The firm's 50-day simple moving average is $145.24 and its 200-day simple moving average is $144.45. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.28 and a current ratio of 0.28. AerCap has a 1 year low of $125.47 and a 1 year high of $158.85.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $2.00. AerCap had a return on equity of 17.60% and a net margin of 37.85%. The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the business posted $4.97 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts forecast that AerCap will post 19.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AER shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $190.00 target price on shares of AerCap in a research report on Thursday, July 30th. Barclays restated an "overweight" rating on shares of AerCap in a research report on Thursday. Citigroup increased their price objective on shares of AerCap from $173.00 to $178.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Truist Financial set a $180.00 price objective on shares of AerCap in a report on Monday, October 5th. Finally, Morgan Stanley raised their price objective on shares of AerCap from $155.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, AerCap currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.11.

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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