FTAI Series C preferred stock offers an 8% yield and is trading above its liquidation preference, with a cumulative dividend structure ensuring missed payments add up. The dividend rate is set to reset in June 2026, potentially increasing the yield to 11.125%, making the stock attractive but likely to be redeemed. Despite limited upside due to potential redemption, the stock offers a 9% total return opportunity, making it a secure investment for income-focused investors.
FTAI Aviation has caught another strong bid in 2024. It earns tremendously high returns on the net tangible assets required to operate and grow the company. The distribution of outcomes in my valuation estimates get me to a range of $172–$180/share.
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Here is how FTAI Aviation (FTAI) and Northrop Grumman (NOC) have performed compared to their sector so far this year.
FTAI Aviation Ltd. (NASDAQ:FTAI ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Alan Andreini - IR Joseph Adams - CEO Angela Nam - CFO David Moreno - COO Conference Call Participants Sheila Kahyaoglu - Jefferies Jason Holcomb - Morgan Stanley Joshua Sullivan - The Benchmark Company Hillary Cacanando - Deutsche Bank Giuliano Bologna - Compass Point Kenneth Herbert - RBC Brandon Oglenski - Barclays Stephen Trent - Citi Andre Madrid - BTIG Operator Good day and thank you for standing by.
The headline numbers for FTAI Aviation (FTAI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
FTAI Aviation (FTAI) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.33 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for FTAI Aviation (FTAI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
On September 30, 2024, Vanguard Group Inc made a significant addition to its investment portfolio by acquiring 10,363,209 shares of FTAI Aviation Ltd (FTAI, Financial). This transaction, executed at a price of $132.90 per share, marks a notable expansion in Vanguard's holdings in the aerospace sector.
FTAI Aviation (FTAI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how FTAI Aviation (FTAI) and RTX (RTX) have performed compared to their sector so far this year.
FTAI Aviation benefits from Boeing and Airbus delivery delays, driving demand for aftermarket services, especially in engine leasing and maintenance. Despite higher input costs and inflationary pressures, FTAI Aviation's Q2 2024 revenues grew 61.7%, with adjusted EBITDA up 40% to $213.9 million. FTAI Aviation raised its 2024 EBITDA guidance to $825-$850 million and its 2026 target to $1.25 billion, reflecting strong demand and growth prospects.