FTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.50 per share by the financial services provider on Monday, November 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th.
FTAI Aviation has a payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FTAI Aviation to earn $12.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 15.7%.
FTAI Aviation Price Performance
Shares of FTAI Aviation stock opened at $180.27 on Friday. The firm has a market cap of $18.43 billion, a PE ratio of 36.57, a P/E/G ratio of 0.92 and a beta of 1.55. FTAI Aviation has a twelve month low of $146.48 and a twelve month high of $323.51. The company has a quick ratio of 2.07, a current ratio of 3.82 and a debt-to-equity ratio of 7.97. The business has a 50-day moving average price of $177.21 and a 200 day moving average price of $230.04.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The company had revenue of $977.66 million for the quarter. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. Sell-side analysts predict that FTAI Aviation will post 5.37 earnings per share for the current fiscal year.
About FTAI Aviation
FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright.
The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.
FTAI Aviation serves customers across the global aviation industry, including airlines, aircraft lessors and maintenance providers.
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