Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Expected to Announce Quarterly Sales of $148.07 Million

Analysts expect Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) to announce $148.07 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Fortress Transprtn and Infr Investrs’ earnings, with the highest sales estimate coming in at $176.31 million and the lowest estimate coming in at $107.78 million. Fortress Transprtn and Infr Investrs posted sales of $137.90 million during the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The business is expected to issue its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that Fortress Transprtn and Infr Investrs will report full-year sales of $593.93 million for the current financial year, with estimates ranging from $553.64 million to $622.16 million. For the next year, analysts anticipate that the business will report sales of $705.06 million, with estimates ranging from $592.55 million to $800.41 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Fortress Transprtn and Infr Investrs.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.09. Fortress Transprtn and Infr Investrs had a return on equity of 3.62% and a net margin of 6.97%. The company had revenue of $162.20 million during the quarter, compared to analyst estimates of $162.98 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s quarterly revenue was up 60.3% on a year-over-year basis.

A number of analysts have recently issued reports on FTAI shares. Zacks Investment Research upgraded Fortress Transprtn and Infr Investrs from a “strong sell” rating to a “hold” rating in a research report on Wednesday. B. Riley began coverage on shares of Fortress Transprtn and Infr Investrs in a research report on Tuesday, November 26th. They issued a “buy” rating and a $23.00 price objective on the stock. BTIG Research started coverage on shares of Fortress Transprtn and Infr Investrs in a research report on Monday. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Fortress Transprtn and Infr Investrs in a research note on Tuesday, November 26th. They issued a “buy” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $21.20.

Shares of NYSE FTAI opened at $18.61 on Friday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 169.18 and a beta of 1.12. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $16.68 and its two-hundred day simple moving average is $15.61. Fortress Transprtn and Infr Investrs has a twelve month low of $12.84 and a twelve month high of $18.81.

The business also recently announced a dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $0.33 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15. Fortress Transprtn and Infr Investrs’s payout ratio is 1,200.00%.

In other news, Director Martin Tuchman bought 10,000 shares of Fortress Transprtn and Infr Investrs stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $25.75 per share, with a total value of $257,500.00. Following the completion of the purchase, the director now directly owns 40,000 shares in the company, valued at $1,030,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders purchased 229,900 shares of company stock worth $5,768,731. 1.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lenox Wealth Advisors LLC purchased a new stake in Fortress Transprtn and Infr Investrs during the third quarter valued at about $31,000. JPMorgan Chase & Co. purchased a new position in shares of Fortress Transprtn and Infr Investrs in the second quarter worth about $42,000. Tower Research Capital LLC TRC lifted its stake in shares of Fortress Transprtn and Infr Investrs by 395.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 2,315 shares during the last quarter. JNBA Financial Advisors lifted its stake in shares of Fortress Transprtn and Infr Investrs by 52.1% in the 3rd quarter. JNBA Financial Advisors now owns 7,300 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,500 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Fortress Transprtn and Infr Investrs by 42.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 9,000 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 2,700 shares during the period. 33.26% of the stock is owned by institutional investors and hedge funds.

About Fortress Transprtn and Infr Investrs

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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