FTAI Aviation (NYSE:FTAI) Issues Quarterly Earnings Results

FTAI Aviation (NYSE:FTAI) posted its quarterly earnings data on Thursday. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06), Briefing.com reports. The firm had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a return on equity of 210.66% and a net margin of 21.08%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $70.75 on Friday. The firm has a fifty day moving average of $63.92 and a 200-day moving average of $51.33. FTAI Aviation has a 52-week low of $26.79 and a 52-week high of $74.99. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 32.31 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. Investors of record on Friday, March 8th were given 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 currently 54.79%.

Analyst Ratings Changes

FTAI has been the subject of several research analyst reports. 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 note on Monday, February 26th. StockNews.com downgraded shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Benchmark raised their price objective on FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Compass Point raised their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. Finally, Morgan Stanley boosted their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.39.

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.