FTAI Aviation Ltd. (FTAI) To Go Ex-Dividend on May 9th

FTAI Aviation Ltd. (NYSE:FTAI) announced a quarterly dividend on Thursday, April 25th, NASDAQ reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, May 9th.

FTAI Aviation has decreased its dividend by an average of 3.1% annually over the last three years. FTAI Aviation has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FTAI Aviation to earn $3.23 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 37.2%.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI traded up $0.23 during mid-day trading on Tuesday, reaching $78.63. 138,775 shares of the company’s stock were exchanged, compared to its average volume of 888,081. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 35.80 and a beta of 1.90. The business’s fifty day moving average price is $66.31 and its 200-day moving average price is $53.15. FTAI Aviation has a twelve month low of $26.94 and a twelve month high of $81.40.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. FTAI Aviation’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. Analysts predict that FTAI Aviation will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities boosted their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a research note on Monday, April 29th. Royal Bank of Canada assumed coverage on shares of FTAI Aviation in a research note on Friday. They issued an “outperform” rating and a $85.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, April 29th. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, Barclays upped their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.95.

About FTAI Aviation

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.