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

FTAI Aviation (NYSE:FTAI) released 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 company had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 210.66%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS.

FTAI Aviation Stock Down 3.4 %

NYSE:FTAI opened at $70.75 on Friday. The stock’s 50-day simple moving average is $63.57 and its 200 day simple moving average is $50.97. The firm has a market capitalization of $7.09 billion, a PE ratio of 33.45 and a beta of 1.90. FTAI Aviation has a twelve month low of $26.79 and a twelve month high of $74.99.

FTAI Aviation Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FTAI shares. StockNews.com downgraded FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective (up previously from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Benchmark increased their price objective on FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a report on Friday, March 15th. Morgan Stanley raised their price target on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, Barclays raised their price target on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average 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.