FTAI Aviation (NYSE:FTAI) Announces Quarterly Earnings Results

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

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $70.75 on Friday. The company’s fifty day moving average is $63.57 and its two-hundred day moving average is $50.97. FTAI Aviation has a 1-year low of $26.79 and a 1-year high of $74.99. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 33.45 and a beta of 1.90.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com cut shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $59.00 target price (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Benchmark boosted their price target on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Compass Point raised their price objective on FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $58.45.

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.