FTAI Aviation Ltd. (NYSE:FTAI) Plans $0.30 Quarterly Dividend

FTAI Aviation Ltd. (NYSE:FTAI) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 9th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% annually over the last three years. FTAI Aviation has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE FTAI opened at $77.00 on Wednesday. FTAI Aviation has a 12 month low of $26.94 and a 12 month high of $81.40. The firm has a market capitalization of $7.72 billion, a PE ratio of 35.39 and a beta of 1.90. The company’s 50 day simple moving average is $66.73 and its 200 day simple moving average is $53.45.

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 analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same period in the previous year, the firm earned $0.22 earnings per share. FTAI Aviation’s revenue was up 11.6% on a year-over-year basis. Sell-side analysts anticipate that FTAI Aviation will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on FTAI shares. Barclays increased their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of FTAI Aviation in a research note on Thursday, May 2nd. StockNews.com cut FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Stifel Nicolaus increased their price target on FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Compass Point boosted their price objective on FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, FTAI Aviation 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.