FTAI Aviation (NASDAQ:FTAI) Releases Earnings Results, Beats Expectations By $0.24 EPS

Key Points

• FTAI Aviation reported earnings per share of **$1.57**, surpassing estimates by **$0.24** and achieving a return on equity of **438.32%**.
• The company announced a **quarterly dividend** of **$0.30**, representing an annualized yield of **1.05%** and a payout ratio of **571.43%**.
• Analysts maintain a consensus rating of **"Moderate Buy"** for FTAI Aviation, with a price target averaging **$171.83** despite some recent price adjustments by brokerages.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.33 by $0.24, Zacks reports. The firm had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. FTAI Aviation's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.26) earnings per share.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded down $1.95 during midday trading on Friday, hitting $135.66. 625,227 shares of the company's stock traded hands, compared to its average volume of 2,379,971. The company has a market cap of $13.91 billion, a PE ratio of 33.58 and a beta of 1.62. The firm's fifty day moving average price is $119.54 and its two-hundred day moving average price is $112.59. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. FTAI Aviation's payout ratio is presently 29.70%.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently bought a new position in FTAI Aviation stock. AQR Capital Management LLC acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,176 shares of the financial services provider's stock, valued at approximately $242,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JMP Securities dropped their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a report on Thursday, May 8th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Morgan Stanley reduced their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Barclays reduced their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.33.

FTAI Aviation Company Profile

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.