FTAI Aviation (FTAI) Set to Announce Earnings on Thursday

FTAI Aviation (NYSE:FTAI) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect FTAI Aviation to post earnings of $0.37 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.72. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The firm had revenue of $312.74 million during the quarter, compared to the consensus estimate of $310.04 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, analysts expect FTAI Aviation to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $69.91 on Thursday. FTAI Aviation has a 1 year low of $26.58 and a 1 year high of $73.54. The company has a market capitalization of $7.01 billion, a P/E ratio of 33.29 and a beta of 1.90. The business has a 50 day moving average price of $61.46 and a 200 day moving average price of $49.53.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. FTAI Aviation’s dividend payout ratio is currently 57.14%.

Institutional Trading of FTAI Aviation

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. purchased a new stake in shares of FTAI Aviation during the 1st quarter valued at $362,000. Envestnet Asset Management Inc. purchased a new stake in FTAI Aviation during the 3rd quarter worth $344,000. US Bancorp DE boosted its position in FTAI Aviation by 138.2% during the 4th quarter. US Bancorp DE now owns 7,233 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 4,196 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in FTAI Aviation during the 4th quarter worth $287,000. Finally, Belpointe Asset Management LLC purchased a new stake in FTAI Aviation during the 1st quarter worth $267,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FTAI. Barclays lifted their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus restated a “hold” rating and set a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Benchmark lifted their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Morgan Stanley boosted their price target on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, StockNews.com downgraded FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.25.

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.