FTAI Aviation (NYSE:FTAI) Posts 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 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 analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS.

FTAI Aviation Stock Down 3.4 %

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. The stock’s 50 day moving average price is $63.18 and its 200 day moving average price is $50.81. FTAI Aviation has a 52 week low of $26.79 and a 52 week high of $74.99. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 33.69 and a beta of 1.90.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were paid 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 of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

FTAI has been the topic of several analyst reports. Morgan Stanley increased their price target 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. Benchmark raised their price target on shares of 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 price target on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $59.00 price target (up previously from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Finally, Barclays raised their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus 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.