FTAI Aviation (NASDAQ:FTAI) Shares Gap Up Following Strong Earnings

Key Points

• FTAI Aviation shares surged from a closing price of $114.14 to an opening price of $126.45 after the company reported earnings of $1.57 per share, exceeding analyst expectations of $1.33.
• The company experienced a significant year-over-year revenue increase of 52.4%, with total revenue for the quarter reaching $676.24 million despite falling short of the $754.75 million consensus estimate.
• Wall Street analysts have mixed views on FTAI Aviation, with twelve rating it as a "buy," while one downgrade resulted in a "sell" rating; the stock currently holds an average target price of $171.83.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report)'s share price gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $114.14, but opened at $126.45. FTAI Aviation shares last traded at $135.70, with a volume of 1,826,028 shares traded.

The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. The business had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same period in the previous year, the firm posted ($2.26) earnings per share. The company's revenue was up 52.4% on a year-over-year basis.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. FTAI Aviation's payout ratio is presently 29.70%.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of research reports. Morgan Stanley dropped their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada lifted their target price on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, JMP Securities decreased their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $174.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTAI. LPL Financial LLC increased its holdings in shares of FTAI Aviation by 3.6% during the 4th quarter. LPL Financial LLC now owns 24,588 shares of the financial services provider's stock worth $3,542,000 after buying an additional 853 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of FTAI Aviation by 10.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,928 shares of the financial services provider's stock worth $2,006,000 after purchasing an additional 1,266 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of FTAI Aviation by 45.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,143 shares of the financial services provider's stock worth $1,317,000 after buying an additional 2,862 shares during the period. Wellington Management Group LLP boosted its position in shares of FTAI Aviation by 35.1% in the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock worth $130,240,000 after buying an additional 234,874 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of FTAI Aviation by 7.2% in the fourth quarter. Franklin Resources Inc. now owns 440,909 shares of the financial services provider's stock worth $63,509,000 after buying an additional 29,433 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

The company has a 50-day moving average price of $119.54 and a two-hundred day moving average price of $112.59. The company has a market cap of $13.92 billion, a PE ratio of 33.59 and a beta of 1.62.

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.