$179.42 Million in Sales Expected for Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) This Quarter

Brokerages expect that Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAIGet Rating) will report sales of $179.42 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Fortress Transportation and Infrastructure Investors’ earnings, with the highest sales estimate coming in at $183.43 million and the lowest estimate coming in at $175.40 million. Fortress Transportation and Infrastructure Investors reported sales of $96.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 85.1%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Fortress Transportation and Infrastructure Investors will report full-year sales of $758.61 million for the current year, with estimates ranging from $743.59 million to $773.62 million. For the next fiscal year, analysts expect that the company will report sales of $926.17 million, with estimates ranging from $918.68 million to $933.66 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts 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 $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.07). Fortress Transportation and Infrastructure Investors had a negative net margin of 58.85% and a negative return on equity of 13.99%. The company had revenue of $145.78 million during the quarter, compared to the consensus estimate of $172.37 million. During the same quarter in the prior year, the company earned ($0.52) EPS. The business’s quarterly revenue was up 92.7% on a year-over-year basis.

A number of brokerages have weighed in on FTAI. Zacks Investment Research downgraded shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a report on Friday. StockNews.com initiated coverage on shares of Fortress Transportation and Infrastructure Investors in a report on Thursday, March 31st. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.33.

Several institutional investors and hedge funds have recently modified their holdings of the company. Aspireon Wealth Advisors increased its holdings in shares of Fortress Transportation and Infrastructure Investors by 1.5% in the 3rd quarter. Aspireon Wealth Advisors now owns 38,126 shares of the financial services provider’s stock valued at $969,000 after purchasing an additional 564 shares during the period. Gilman Hill Asset Management LLC increased its holdings in Fortress Transportation and Infrastructure Investors by 0.3% in the first quarter. Gilman Hill Asset Management LLC now owns 273,366 shares of the financial services provider’s stock worth $7,039,000 after buying an additional 859 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in Fortress Transportation and Infrastructure Investors by 50.3% in the third quarter. Advisor Group Holdings Inc. now owns 2,606 shares of the financial services provider’s stock worth $66,000 after buying an additional 872 shares during the last quarter. Trust Co. of Vermont acquired a new position in Fortress Transportation and Infrastructure Investors in the fourth quarter worth approximately $27,000. Finally, Private Advisor Group LLC increased its holdings in Fortress Transportation and Infrastructure Investors by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 10,885 shares of the financial services provider’s stock worth $315,000 after buying an additional 1,430 shares during the last quarter. Institutional investors own 77.35% of the company’s stock.

Shares of NYSE FTAI opened at $21.00 on Tuesday. Fortress Transportation and Infrastructure Investors has a twelve month low of $19.38 and a twelve month high of $34.79. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.27 and a beta of 1.94. The firm has a 50-day moving average of $24.11 and a two-hundred day moving average of $25.62.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Thursday, May 12th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is presently -39.40%.

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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