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

FTAI Aviation (NYSE:FTAI) posted its quarterly earnings results on Thursday. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06), Briefing.com reports. The company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. FTAI Aviation’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share.

FTAI Aviation Stock Performance

Shares of FTAI traded down $2.50 during midday trading on Friday, hitting $70.75. The company had a trading volume of 1,806,318 shares, compared to its average volume of 868,759. FTAI Aviation has a 1 year low of $26.79 and a 1 year high of $74.99. The firm has a market capitalization of $7.09 billion, a P/E ratio of 33.69 and a beta of 1.90. The company’s 50-day simple moving average is $63.18 and its 200-day simple moving average is $50.81.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were issued a dividend of $0.30 per share. 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 57.14%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FTAI. Barclays upped their price objective 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. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Compass Point lifted their target price on FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley increased their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. 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 report on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.