FTAI Aviation (FTAI) Set to Announce Earnings on Thursday

FTAI Aviation (NYSE:FTAI) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect FTAI Aviation to post earnings of $0.37 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.72. The company had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. On average, analysts expect FTAI Aviation to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FTAI Aviation Price Performance

NYSE:FTAI opened at $69.91 on Thursday. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 33.29 and a beta of 1.90. FTAI Aviation has a 1 year low of $26.58 and a 1 year high of $73.54. The business has a 50 day simple moving average of $61.46 and a 200-day simple moving average of $49.53.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Thursday, March 7th. FTAI Aviation’s payout ratio is 57.14%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FTAI shares. Morgan Stanley raised their price objective on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Barclays raised their price objective on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Benchmark raised their price objective on FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $54.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FTAI. Citigroup Inc. increased its holdings in FTAI Aviation by 221.0% during the 1st quarter. Citigroup Inc. now owns 28,196 shares of the financial services provider’s stock worth $726,000 after purchasing an additional 19,413 shares during the period. BlackRock Inc. bought a new stake in FTAI Aviation during the 1st quarter valued at $96,000. Spring Creek Capital LLC boosted its position in FTAI Aviation by 2.7% during the 1st quarter. Spring Creek Capital LLC now owns 446,322 shares of the financial services provider’s stock valued at $11,493,000 after acquiring an additional 11,856 shares in the last quarter. Cruiser Capital Advisors LLC boosted its position in FTAI Aviation by 8.0% during the 1st quarter. Cruiser Capital Advisors LLC now owns 251,016 shares of the financial services provider’s stock valued at $6,464,000 after acquiring an additional 18,628 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in FTAI Aviation by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock valued at $1,657,000 after acquiring an additional 722 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.