Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) posted its quarterly earnings results on Thursday. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.04, Bloomberg Earnings reports. The firm had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $52.36 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 0.23% and a negative net margin of 11.55%. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share.

Shares of Fortress Transportation and Infrastructure Investors (NYSE FTAI) traded up 1.72% on Friday, reaching $18.30. 309,744 shares of the company’s stock traded hands. The company has a 50 day moving average price of $16.14 and a 200 day moving average price of $15.49. Fortress Transportation and Infrastructure Investors has a 52 week low of $10.96 and a 52 week high of $18.38. The firm’s market capitalization is $1.39 billion.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.32 annualized dividend and a yield of 7.21%. Fortress Transportation and Infrastructure Investors’s payout ratio is currently -528.00%.

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In related news, Director Paul R. Goodwin purchased 5,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $85,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by insiders.

FTAI has been the subject of several analyst reports. Zacks Investment Research cut shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. JMP Securities increased their price target on shares of Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. BidaskClub lowered shares of Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, TheStreet upgraded shares of Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.88.

About Fortress Transportation and Infrastructure Investors

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.

Earnings History for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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