Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) declared a quarterly dividend on Thursday, November 1st, NASDAQ reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, November 27th. This represents a $1.32 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Thursday, November 15th.
Fortress Transprtn and Infr Investrs has a dividend payout ratio of 412.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Fortress Transprtn and Infr Investrs to earn $0.87 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 151.7%.
NYSE:FTAI opened at $17.26 on Friday. The company has a market cap of $1.46 billion, a PE ratio of 143.83 and a beta of 1.45. Fortress Transprtn and Infr Investrs has a 52 week low of $15.45 and a 52 week high of $20.13.
Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $101.20 million during the quarter, compared to analyst estimates of $81.26 million. Fortress Transprtn and Infr Investrs had a return on equity of 1.57% and a net margin of 2.59%. The business’s revenue was up 67.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. On average, sell-side analysts predict that Fortress Transprtn and Infr Investrs will post 0.3 EPS for the current fiscal year.
Several research firms have recently commented on FTAI. Zacks Investment Research lowered Fortress Transprtn and Infr Investrs from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet raised Fortress Transprtn and Infr Investrs from a “c+” rating to a “b” rating in a report on Friday, August 3rd.
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Fortress Transprtn and Infr Investrs Company Profile
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.
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