Zacks: Analysts Anticipate Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) to Post -$0.24 Earnings Per Share

Equities research analysts expect Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAIGet Rating) to announce earnings of ($0.24) per share for the current quarter, according to Zacks. Two analysts have made estimates for Fortress Transportation and Infrastructure Investors’ earnings. Fortress Transportation and Infrastructure Investors posted earnings per share of ($0.38) during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.8%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Fortress Transportation and Infrastructure Investors will report full-year earnings of $0.01 per share for the current financial year, with EPS estimates ranging from ($0.19) to $0.20. For the next financial year, analysts anticipate that the firm will report earnings of $1.19 per share, with EPS estimates ranging from $0.98 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Fortress Transportation and Infrastructure Investors.

Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) last announced its earnings results on Thursday, February 24th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.30). Fortress Transportation and Infrastructure Investors had a negative return on equity of 5.54% and a negative net margin of 23.96%. The business had revenue of $145.78 million for the quarter, compared to analysts’ expectations of $172.37 million. During the same period in the previous year, the firm posted ($0.52) earnings per share. The firm’s revenue was up 92.7% compared to the same quarter last year.

Several research analysts have issued reports on the company. StockNews.com initiated coverage on Fortress Transportation and Infrastructure Investors in a report on Thursday, March 31st. They set a “sell” rating on the stock. Zacks Investment Research raised Fortress Transportation and Infrastructure Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, March 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Fortress Transportation and Infrastructure Investors has a consensus rating of “Buy” and a consensus price target of $35.33.

A number of large investors have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the fourth quarter valued at $27,000. Selective Wealth Management Inc. acquired a new position in shares of Fortress Transportation and Infrastructure Investors in the third quarter worth $47,000. Advisor Group Holdings Inc. raised its stake in Fortress Transportation and Infrastructure Investors by 50.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 2,606 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 872 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Fortress Transportation and Infrastructure Investors in the 3rd quarter valued at about $70,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Fortress Transportation and Infrastructure Investors in the fourth quarter valued at $216,000. Institutional investors own 85.14% of the company’s stock.

FTAI opened at $24.03 on Friday. Fortress Transportation and Infrastructure Investors has a fifty-two week low of $20.90 and a fifty-two week high of $34.79. The business has a 50-day moving average of $25.12 and a 200-day moving average of $25.77. The company has a market capitalization of $2.06 billion, a PE ratio of -16.57 and a beta of 1.94.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Friday, March 11th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Thursday, March 10th. Fortress Transportation and Infrastructure Investors’s payout ratio is -91.03%.

Fortress Transportation and Infrastructure Investors Company Profile (Get Rating)

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates through three segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals.

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