FTAI Aviation (NASDAQ:FTAI) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

FTAI Aviation (NASDAQ:FTAI) posted its earnings results on Wednesday. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19), FiscalAI reports. The company had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.FTAI Aviation’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 EPS.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $197.37 on Thursday. The business’s fifty day moving average is $240.70 and its two-hundred day moving average is $253.99. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The firm has a market cap of $20.25 billion, a P/E ratio of 39.16, a P/E/G ratio of 0.86 and a beta of 1.46. FTAI Aviation has a 52 week low of $126.20 and a 52 week high of $323.51.

Analyst Ratings Changes

Several research firms have issued reports on FTAI. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Citizens Jmp began coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.38.

Insiders Place Their Bets

In related news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. This represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently modified their holdings of the stock. Doliver Advisors LP bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $989,000. Handelsbanken Fonder AB raised its position in FTAI Aviation by 2.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 33,320 shares of the financial services provider’s stock worth $9,014,000 after purchasing an additional 720 shares during the last quarter. Fulton Bank N.A. lifted its holdings in FTAI Aviation by 60.3% during the 2nd quarter. Fulton Bank N.A. now owns 3,123 shares of the financial services provider’s stock worth $845,000 after buying an additional 1,175 shares in the last quarter. Wealth Science Advisors LLC lifted its holdings in FTAI Aviation by 14.1% during the 2nd quarter. Wealth Science Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $359,000 after buying an additional 164 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in FTAI Aviation in the 2nd quarter valued at $557,000. 88.96% of the stock is owned by institutional investors.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.