Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Expected to Post Earnings of $0.03 Per Share

Wall Street analysts predict that Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) will announce $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Fortress Transportation and Infrastructure Investors’ earnings. The lowest EPS estimate is $0.02 and the highest is $0.04. Fortress Transportation and Infrastructure Investors reported earnings of ($0.25) per share during the same quarter last year, which indicates a positive year over year growth rate of 112%. The firm is scheduled to report its next earnings report on Thursday, November 4th.

On average, analysts expect that Fortress Transportation and Infrastructure Investors will report full-year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.67) to ($0.20). For the next financial year, analysts forecast that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $1.81 to $3.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Fortress Transportation and Infrastructure Investors.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last announced its earnings results on Tuesday, July 27th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.13). Fortress Transportation and Infrastructure Investors had a negative return on equity of 10.51% and a negative net margin of 42.62%. The company had revenue of $96.92 million for the quarter, compared to the consensus estimate of $90.55 million.

Several analysts have recently commented on the company. Barclays assumed coverage on Fortress Transportation and Infrastructure Investors in a research note on Monday. They issued an “overweight” rating and a $31.00 target price for the company. Citigroup assumed coverage on Fortress Transportation and Infrastructure Investors in a research note on Wednesday, June 16th. They set a “buy” rating for the company. Zacks Investment Research cut shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 14th. assumed coverage on shares of Fortress Transportation and Infrastructure Investors in a research report on Wednesday, June 16th. They set a “buy” rating on the stock. Finally, BTIG Research lifted their target price on shares of Fortress Transportation and Infrastructure Investors from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, June 9th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.43.

Shares of FTAI stock traded down $0.21 during mid-day trading on Wednesday, hitting $23.94. The company’s stock had a trading volume of 993,418 shares, compared to its average volume of 529,454. The company’s fifty day simple moving average is $27.56 and its 200-day simple moving average is $29.02. Fortress Transportation and Infrastructure Investors has a 52 week low of $15.25 and a 52 week high of $34.79. The company has a market cap of $2.05 billion, a PE ratio of -13.15 and a beta of 1.93.

The business also recently declared a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Monday, August 16th were issued a $0.33 dividend. The ex-dividend date was Friday, August 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.51%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is presently -153.49%.

In other Fortress Transportation and Infrastructure Investors news, Director Martin Tuchman bought 100,000 shares of the stock in a transaction on Tuesday, September 14th. The shares were acquired at an average price of $25.50 per share, with a total value of $2,550,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Gradient Investments LLC bought a new stake in Fortress Transportation and Infrastructure Investors during the 2nd quarter valued at $34,000. Kingsview Wealth Management LLC bought a new stake in Fortress Transportation and Infrastructure Investors during the 1st quarter valued at $201,000. Ieq Capital LLC bought a new stake in Fortress Transportation and Infrastructure Investors during the 2nd quarter valued at $201,000. Essex Financial Services Inc. purchased a new position in shares of Fortress Transportation and Infrastructure Investors during the 2nd quarter valued at $203,000. Finally, Delta Investment Management LLC purchased a new position in shares of Fortress Transportation and Infrastructure Investors during the 1st quarter valued at $236,000. 68.04% of the stock is currently owned by institutional investors and hedge funds.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation & Infrastructure Investors LLC engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term.

Featured Article: How to Invest in an Index Fund

Get a free copy of the Zacks research report on Fortress Transportation and Infrastructure Investors (FTAI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fortress Transportation and Infrastructure Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Transportation and Infrastructure Investors and related companies with MarketBeat.com's FREE daily email newsletter.