FTAI Aviation (NYSE:FTAI) Issues Quarterly Earnings Results

FTAI Aviation (NYSE:FTAI) issued its quarterly earnings data on Thursday. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06), Briefing.com reports. The company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share.

FTAI Aviation Trading Down 3.4 %

Shares of NYSE:FTAI traded down $2.50 on Friday, hitting $70.75. 1,545,460 shares of the company were exchanged, compared to its average volume of 863,513. FTAI Aviation has a 1-year low of $26.79 and a 1-year high of $74.99. The stock’s 50 day moving average price is $63.18 and its 200 day moving average price is $50.81. The firm has a market capitalization of $7.09 billion, a P/E ratio of 34.01 and a beta of 1.90.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.70%. FTAI Aviation’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FTAI shares. StockNews.com downgraded FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Compass Point raised their target price on FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark raised their price target on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Barclays lifted their price objective on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley lifted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $58.45.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.