FTAI Aviation (NASDAQ:FTAI) Issues Earnings Results, Misses Expectations By $0.14 EPS

FTAI Aviation (NASDAQ:FTAI) released its quarterly earnings data on Wednesday. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14), Zacks reports. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%.

FTAI Aviation Stock Down 0.6%

FTAI traded down $1.90 during trading on Wednesday, hitting $302.03. The company had a trading volume of 1,949,111 shares, compared to its average volume of 1,761,800. The firm’s 50-day moving average price is $247.55 and its 200 day moving average price is $194.23. FTAI Aviation has a one year low of $81.45 and a one year high of $310.00. The company has a market capitalization of $30.98 billion, a PE ratio of 68.96 and a beta of 1.53.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation in the 4th quarter valued at approximately $30,000. Greenline Wealth Management LLC acquired a new position in FTAI Aviation during the fourth quarter worth $50,000. Headlands Technologies LLC acquired a new position in FTAI Aviation during the second quarter worth $196,000. State of Wyoming acquired a new stake in FTAI Aviation in the 2nd quarter valued at $211,000. Finally, J.W. Cole Advisors Inc. bought a new stake in FTAI Aviation during the 4th quarter worth about $211,000. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent analyst reports. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Barclays increased their target price on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their target price on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.22.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.