On July 30, FTAI AVIATION LTD fell 6.14% in regular trading, trading at $186.93/share, with turnover of $220 million. The decline follows the company's Q2 earnings report released after the prior session's close, which showed EPS of $1.13 — well below the FactSet consensus estimate of $1.38 and down 28% year-over-year.
Revenue for the quarter reached $953.1 million, up 40.9% year-over-year and exceeding the consensus estimate of $895.3 million. The company also raised its quarterly dividend to $0.50 per share from $0.45. However, this marks the second consecutive quarter of earnings misses, with Q1 EPS of $1.29 also falling short of estimates. Adding to the pressure, RBC Capital Markets recently cut its price target from $350 to $300 while maintaining an Outperform rating. Despite recent positives including a $1.465 billion gas turbine order and a strategic 737-800 freighter conversion partnership with AEI, persistent earnings shortfalls have intensified selling pressure. The current FactSet consensus target price stands at $385.60.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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