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

FTAI Aviation (NYSE:FTAI) issued 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. FTAI Aviation had a return on equity of 210.66% and a net margin of 21.08%. The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue was up 11.6% on a year-over-year basis.

FTAI Aviation Stock Down 3.4 %

Shares of FTAI Aviation stock 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. 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 33.45 and a beta of 1.90.

FTAI Aviation Announces Dividend

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

Analysts Set New Price Targets

FTAI has been the subject of several research analyst reports. Barclays lifted their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Morgan Stanley lifted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Stifel Nicolaus reaffirmed 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 lifted their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.