FTAI Aviation (FTAI) Set to Announce Earnings on Tuesday

FTAI Aviation (NYSE:FTAI) is set to post its quarterly earnings results after the market closes on Tuesday, July 23rd. Analysts expect FTAI Aviation to post earnings of $0.41 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. During the same quarter last year, the company earned $0.22 earnings per share. FTAI Aviation’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts expect FTAI Aviation to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $102.06 on Monday. The business’s 50 day moving average price is $91.16 and its 200 day moving average price is $71.55. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 46.60 and a beta of 2.03. FTAI Aviation has a one year low of $31.73 and a one year high of $111.02.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of FTAI Aviation from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $85.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Benchmark reiterated a “buy” rating and issued a $100.00 price objective on shares of FTAI Aviation in a research report on Friday, June 7th. Finally, Compass Point raised their target price on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the purchase, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.