FTAI Aviation (NYSE:FTAI – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06), Briefing.com reports. The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 210.66% and a net margin of 21.08%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share.
FTAI Aviation Stock Performance
FTAI stock opened at $70.75 on Friday. The stock has a market cap of $7.09 billion, a P/E ratio of 33.45 and a beta of 1.90. The firm has a 50 day simple moving average of $63.57 and a 200 day simple moving average of $50.97. FTAI Aviation has a 52 week low of $26.79 and a 52 week high of $74.99.
FTAI Aviation Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is currently 54.79%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on FTAI
About FTAI Aviation
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.
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