Fortress Transprtn and Infr Investrs (NYSE:FTAI) posted its earnings results on Wednesday. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05), Bloomberg Earnings reports. The business had revenue of $61.43 million for the quarter, compared to analysts’ expectations of $69.83 million. Fortress Transprtn and Infr Investrs had a positive return on equity of 0.60% and a negative net margin of 2.36%. Fortress Transprtn and Infr Investrs’s revenue for the quarter was up 45.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS.
Fortress Transprtn and Infr Investrs (NYSE FTAI) opened at $16.44 on Thursday. The company has a market capitalization of $1,418.01, a P/E ratio of -272.17 and a beta of 1.55. Fortress Transprtn and Infr Investrs has a 12-month low of $14.25 and a 12-month high of $20.13.
Several research firms have commented on FTAI. Zacks Investment Research lowered Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America lifted their price target on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, BidaskClub lowered Fortress Transprtn and Infr Investrs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.67.
Fortress Transprtn and Infr Investrs Company Profile
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.
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