FTAI Aviation (NASDAQ:FTAI) Announces Earnings Results, Misses Estimates By $0.19 EPS

FTAI Aviation (NASDAQ:FTAI) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19), FiscalAI reports. FTAI Aviation had a return on equity of 146.23% and a net margin of 15.94%.The business had revenue of $953.09 million during the quarter. During the same period in the previous year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 40.9% on a year-over-year basis.

FTAI Aviation Stock Up 2.9%

Shares of FTAI stock traded up $5.73 on Friday, hitting $203.23. The stock had a trading volume of 1,787,489 shares, compared to its average volume of 1,555,271. The stock has a market cap of $20.85 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 0.79 and a beta of 1.46. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The business has a 50 day moving average of $239.72 and a 200 day moving average of $253.65. FTAI Aviation has a 12-month low of $128.32 and a 12-month high of $323.51.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FTAI shares. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday. Citizens Jmp began coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Royal Bank Of Canada cut their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday. BTIG Research upped their price objective on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $329.44.

Insiders Place Their Bets

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director owned 210,491 shares in the company, valued at $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 110,931 shares of company stock worth $26,788,940 over the last quarter. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently modified their holdings of the stock. Mediolanum International Funds Ltd bought a new stake in FTAI Aviation in the 1st quarter valued at about $1,313,000. M&T Bank Corp increased its stake in shares of FTAI Aviation by 323.6% in the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after purchasing an additional 12,308 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of FTAI Aviation in the first quarter worth about $7,217,000. Trek Financial LLC bought a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $3,936,000. Finally, Swiss National Bank raised its position in shares of FTAI Aviation by 48.9% in the first quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock valued at $73,745,000 after purchasing an additional 98,808 shares during the period. Institutional investors 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.