FTAI Aviation (NYSE:FTAI) Posts 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 analysts’ consensus estimates of $0.37 by ($0.06), Briefing.com reports. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis.

FTAI Aviation Trading Down 3.4 %

Shares of FTAI stock traded down $2.50 during trading hours on Friday, hitting $70.75. The company’s stock had a trading volume of 1,545,460 shares, compared to its average volume of 863,513. The company has a 50 day moving average of $63.18 and a 200 day moving average of $50.81. The stock has a market cap of $7.09 billion, a PE ratio of 34.01 and a beta of 1.90. FTAI Aviation has a 12-month low of $26.79 and a 12-month high of $74.99.

FTAI Aviation Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on FTAI. StockNews.com cut shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Benchmark lifted their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Compass Point lifted their price target on shares of FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Barclays boosted their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.