FTAI Aviation (FTAI) Set to Announce Earnings on Wednesday

FTAI Aviation (NYSE:FTAI) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.77 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The firm had revenue of $443.59 million for the quarter, compared to analysts’ expectations of $361.92 million. On average, analysts expect FTAI Aviation to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FTAI Aviation Stock Down 1.5 %

Shares of FTAI Aviation stock opened at $140.23 on Wednesday. FTAI Aviation has a 52-week low of $32.66 and a 52-week high of $149.74. The company has a market capitalization of $14.06 billion, a P/E ratio of 64.03 and a beta of 2.04. The company has a 50 day moving average of $127.43 and a 200 day moving average of $102.31.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several recent analyst reports. Barclays boosted their target price on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Compass Point upped their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada reissued a “buy” rating on shares of FTAI Aviation in a research report on Friday. Jefferies Financial Group upped their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, JMP Securities raised their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.64.

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.