FTAI Aviation (NASDAQ:FTAI) Releases Earnings Results, Misses Estimates By $0.32 EPS

FTAI Aviation (NASDAQ:FTAI) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32), FiscalAI reports. FTAI Aviation had a net margin of 18.92% and a return on equity of 214.24%. The firm had revenue of $830.70 million for the quarter. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% on a year-over-year basis.

FTAI Aviation Trading Down 2.9%

Shares of FTAI Aviation stock traded down $7.17 during trading hours on Friday, reaching $242.50. The stock had a trading volume of 808,909 shares, compared to its average volume of 1,736,428. The firm has a market capitalization of $24.88 billion, a price-to-earnings ratio of 48.12, a P/E/G ratio of 0.81 and a beta of 1.59. FTAI Aviation has a 1 year low of $88.82 and a 1 year high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The firm has a 50 day simple moving average of $254.67 and a two-hundred day simple moving average of $223.57.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is currently 34.63%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Citizens Jmp upped their target price on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a research note on Monday, February 9th. Morgan Stanley upped their price objective on shares of FTAI Aviation from $266.00 to $293.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada increased their price objective on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Buy” and an average target price of $295.78.

Institutional Trading of FTAI Aviation

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $242,000. Cetera Investment Advisers lifted its holdings in shares of FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 2,368 shares in the last quarter. Invesco Ltd. boosted its position in FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock worth $48,015,000 after purchasing an additional 80,341 shares during the period. Amundi boosted its position in FTAI Aviation by 16,560.0% during the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 2,484 shares during the period. Finally, Jump Financial LLC acquired a new stake in FTAI Aviation in the 2nd quarter valued at $2,736,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.