FTAI Aviation Ltd. Announces Quarterly Dividend of $0.30 (NYSE:FTAI)

FTAI Aviation Ltd. (NYSE:FTAI) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, May 9th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% per year over the last three years. FTAI Aviation has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FTAI Aviation to earn $3.23 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 37.2%.

FTAI Aviation Trading Up 0.1 %

FTAI Aviation stock opened at $78.40 on Tuesday. The stock has a fifty day moving average price of $66.31 and a 200 day moving average price of $53.15. FTAI Aviation has a 52 week low of $26.94 and a 52 week high of $81.40. The firm has a market capitalization of $7.86 billion, a P/E ratio of 35.76 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The company had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. As a group, equities analysts predict that FTAI Aviation will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FTAI shares. StockNews.com cut shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Barclays upped their price target on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of FTAI Aviation in a report on Thursday, May 2nd. Stifel Nicolaus raised their price target on shares of FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a report on Monday, April 29th. Finally, JMP Securities boosted their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $68.95.

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.