FTAI Aviation (NYSE:FTAI) Posts Earnings Results, Misses Estimates By $0.01 EPS

FTAI Aviation (NYSE:FTAI) released its quarterly earnings results on Wednesday. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01), Briefing.com reports. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the prior year, the firm posted $0.33 earnings per share. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis.

FTAI Aviation Stock Up 6.0 %

FTAI stock opened at $142.46 on Friday. The stock has a market capitalization of $14.56 billion, a P/E ratio of -1,424.60 and a beta of 2.04. The firm has a 50-day simple moving average of $132.60 and a 200-day simple moving average of $106.29. FTAI Aviation has a 52 week low of $38.57 and a 52 week high of $149.74.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FTAI shares. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $132.00 in a report on Friday, July 26th. Benchmark lifted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, Barclays lifted their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.09.

About FTAI Aviation

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.