FTAI Aviation (NASDAQ:FTAI) Issues Quarterly Earnings Results

FTAI Aviation (NASDAQ:FTAI) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32), FiscalAI reports. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The company had revenue of $830.70 million for the quarter. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue was up 65.4% on a year-over-year basis.

FTAI Aviation Stock Performance

FTAI stock traded up $33.76 during midday trading on Thursday, hitting $246.87. The stock had a trading volume of 1,816,581 shares, compared to its average volume of 1,727,381. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of 53.44, a P/E/G ratio of 0.87 and a beta of 1.59. FTAI Aviation has a 52 week low of $86.84 and a 52 week high of $323.51. The stock has a 50-day simple moving average of $255.46 and a 200 day simple moving average of $223.39. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, March 13th. FTAI Aviation’s dividend payout ratio (DPR) is 34.63%.

Analysts Set New Price Targets

Several equities analysts have commented on FTAI shares. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Wolfe Research reiterated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Royal Bank Of Canada increased their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Morgan Stanley increased their price objective on FTAI Aviation from $266.00 to $293.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Finally, Citizens Jmp increased their price objective on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $295.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. AQR Capital Management LLC bought a new position in FTAI Aviation in the first quarter worth $242,000. Cetera Investment Advisers lifted its holdings in shares of FTAI Aviation by 73.3% during the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 2,368 shares during the period. Invesco Ltd. lifted its holdings in shares of FTAI Aviation by 23.8% during the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after acquiring an additional 80,341 shares during the period. Amundi lifted its holdings in shares of FTAI Aviation by 16,560.0% during the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 2,484 shares during the period. Finally, Jump Financial LLC bought a new position in shares of FTAI Aviation during the second quarter valued at $2,736,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.