FTAI Aviation (NYSE:FTAI – Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06), Briefing.com reports. The firm had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a return on equity of 210.66% and a net margin of 21.08%. FTAI Aviation’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share.
FTAI Aviation Trading Down 3.4 %
Shares of NYSE:FTAI opened at $70.75 on Friday. The firm’s 50-day moving average is $63.92 and its 200 day moving average is $51.33. FTAI Aviation has a 12 month low of $26.79 and a 12 month high of $74.99. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 32.31 and a beta of 1.90.
FTAI Aviation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is presently 54.79%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on FTAI Aviation
FTAI Aviation Company Profile
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.
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