FTAI Aviation (NASDAQ:FTAI) Announces Earnings Results, Misses Estimates By $0.19 EPS

FTAI Aviation (NASDAQ:FTAI) released its earnings results on Wednesday. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19), FiscalAI reports. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company had revenue of $953.09 million for the quarter.

FTAI Aviation Price Performance

Shares of FTAI traded down $15.59 during mid-day trading on Wednesday, hitting $196.88. The company’s stock had a trading volume of 3,338,060 shares, compared to its average volume of 1,528,995. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The firm has a 50-day moving average price of $241.54 and a 200 day moving average price of $254.28. FTAI Aviation has a fifty-two week low of $126.20 and a fifty-two week high of $323.51. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 0.86 and a beta of 1.46.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the transaction, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 254,515 shares of company stock valued at $61,599,445. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Root Financial Partners LLC raised its position in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of FTAI Aviation by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 52 shares in the last quarter. MetLife Investment Management LLC grew its stake in FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 57 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Finally, Compound Planning Inc. increased its position in FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 60 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FTAI shares. Royal Bank Of Canada reduced their price target on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.38.

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.