FTAI Aviation (NYSE:FTAI) Announces Earnings Results, Misses Estimates By $0.06 EPS

FTAI Aviation (NYSE:FTAI) posted its earnings results 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 firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same quarter last year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $2.50 during mid-day trading on Friday, hitting $70.75. 1,806,318 shares of the company traded hands, compared to its average volume of 868,759. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 33.69 and a beta of 1.90. FTAI Aviation has a one year low of $26.79 and a one year high of $74.99. The stock has a fifty day moving average price of $63.18 and a 200-day moving average price of $50.81.

FTAI Aviation Announces Dividend

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

Wall Street Analysts Forecast Growth

FTAI has been the topic of several research reports. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Barclays lifted their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Morgan Stanley boosted their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Stifel Nicolaus reissued a “hold” rating and set a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Benchmark upped their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 15th. One equities 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 MarketBeat.com, FTAI Aviation currently has an average 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.