Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) announced its quarterly earnings data on Thursday. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05, Bloomberg Earnings reports. The firm had revenue of $60.40 million during the quarter, compared to the consensus estimate of $56.04 million. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.27% and a negative net margin of 4.98%. The business’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS.

Shares of Fortress Transportation and Infrastructure Investors (NYSE FTAI) traded up $0.03 during midday trading on Friday, hitting $18.51. The stock had a trading volume of 212,297 shares, compared to its average volume of 143,373. Fortress Transportation and Infrastructure Investors has a 1 year low of $12.29 and a 1 year high of $18.98. The stock has a market cap of $1,402.37, a PE ratio of 205.67 and a beta of 1.92.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.13%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is presently -2,200.00%.

A number of brokerages have issued reports on FTAI. BidaskClub upgraded Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet upgraded Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.25.

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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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