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

FTAI Aviation (NYSE:FTAI) announced its quarterly earnings data on Thursday. The financial services provider reported $0.31 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 for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The business’s revenue 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 Price Performance

NYSE FTAI traded down $2.50 during trading hours on Friday, hitting $70.75. The company had a trading volume of 1,806,318 shares, compared to its average volume of 868,759. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 33.69 and a beta of 1.90. The firm’s 50 day moving average is $63.18 and its 200 day moving average is $50.81. FTAI Aviation has a fifty-two week low of $26.79 and a fifty-two week high of $74.99.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Thursday, March 7th. FTAI Aviation’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

A number of research firms have weighed in on FTAI. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Morgan Stanley upped their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Barclays increased their price target 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. Finally, Benchmark boosted their price objective on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.