FTAI Aviation Ltd. (NASDAQ: FTAI) stock fell -2.89% on Wednesday to $27.92 against a previous-day closing price of $28.75. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.25 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $28.59 whereas the lowest price it dropped to was $27.44. The 52-week range on FTAI shows that it touched its highest point at $30.26 and its lowest point at $14.29 during that stretch. It currently has a 1-year price target of $33.42. With its current market cap of 2.78 billion, FTAI has annualized dividend of $1.20 while the current yield stands at 4.30%. Beta for the stock currently stands at 1.87.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FTAI was down-trending over the past week, with a drop of -2.10%, but this was up by 3.60% over a month. Three-month performance surged to 16.53% while six-month performance rose 66.59%. The stock gained 69.67% in the past year, while it has gained 63.08% so far this year. A look at the trailing 12-month EPS for FTAI yields 1.33 with Next year EPS estimates of 2.08. For the next quarter, that number is 0.34. This implies an EPS growth rate of 16.60% for this year and 46.78% for next year.
Float and Shares Shorts:
At present, 99.57 million FTAI shares are outstanding with a float of 98.53 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.96 million, which was 5.98% higher than short shares on Mar 30, 2023. In addition to Mr. Joseph P. Adams Jr. as the firm’s Chairman & CEO, Ms. Eun Nam serves as its CFO & Chief Accounting Officer.
Institutional Ownership:
Through their ownership of 83.93% of FTAI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of FTAI, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 2.64% stake in FTAI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,630,058 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.22% of FTAI stock, is the second-largest Mutual Fund holder. It holds 2,216,717 shares valued at 63.07 million. Columbia Small Cap Growth Fund holds 1.60% of the stake in FTAI, owning 1,592,207 shares worth 45.3 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FTAI reported revenue of $177.93M and operating income of $29.24M. The EBITDA in the recently reported quarter was $82.84M and diluted EPS was $0.11.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FTAI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FTAI analysts setting a high price target of $45.00 and a low target of $28.00, the average target price over the next 12 months is $34.13. Based on these targets, FTAI could surge 61.17% to reach the target high and rise by 0.29% to reach the target low. Reaching the average price target will result in a growth of 22.24% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, FTAI has a current ratio of $1.2, which is $1.2 over the trailing 12-months, while a dividend of $1.32 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and FTAI currently yields $4.41. In the past year, FTAI’s dividend yield has been $4.41, but when looking at the stock over the past five years, its yield has been $7.14. Accordingly, FTAI has a current buyback yield of $0.0. This was $0.0 for the TTM.
Summary of Insider Activity:
Insiders traded FTAI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 475,918 while 362,690 shares were sold.
