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

FTAI Aviation (NYSE:FTAI - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06), Briefing.com reports. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same period in the prior year, the firm posted $0.22 EPS. The business's revenue was up 11.6% compared to the same quarter last year.

FTAI Aviation Price Performance

NYSE FTAI traded down $2.50 during trading hours on Friday, reaching $70.75. The company's stock had a trading volume of 1,806,318 shares, compared to its average volume of 868,759. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 33.69 and a beta of 1.90. The company's 50-day moving average is $63.57 and its two-hundred day moving average is $50.97. FTAI Aviation has a 1-year low of $26.79 and a 1-year high of $74.99.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. FTAI Aviation's dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

A number of brokerages recently commented on FTAI. StockNews.com lowered FTAI Aviation from a "hold" rating to a "sell" rating in a research report on Friday, April 12th. Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Benchmark upped their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 15th. Compass Point lifted their price objective on FTAI Aviation from $71.00 to $88.00 and gave the company a "buy" rating in a research note on Friday. Finally, Morgan Stanley boosted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $58.45.

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.