FTAI Aviation Ltd. (NASDAQ:FTAI) to Issue Dividend of $0.40

FTAI Aviation Ltd. (NASDAQ:FTAI) announced a dividend on Tuesday, February 24th, NASDAQ Dividends reports. Stockholders of record on Friday, March 13th will be paid a dividend of 0.40 per share by the financial services provider on Monday, March 23rd. The ex-dividend date of this dividend is Friday, March 13th.

FTAI Aviation has decreased its dividend by an average of 0.0%per year over the last three years. FTAI Aviation has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $6.24 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.6%.

FTAI Aviation Trading Down 2.8%

Shares of FTAI stock traded down $7.60 on Wednesday, reaching $263.84. 284,426 shares of the company’s stock were exchanged, compared to its average volume of 1,901,919. The company’s fifty day simple moving average is $270.20 and its 200 day simple moving average is $204.29. FTAI Aviation has a 52 week low of $81.45 and a 52 week high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The stock has a market capitalization of $27.06 billion, a PE ratio of 57.11, a P/E/G ratio of 1.12 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. During the same period last year, the company earned $0.84 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on FTAI. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Citizens Jmp boosted their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. BTIG Research raised their target price on shares of FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.22.

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.