FTAI Aviation's 8.25% Fix/Float Series A Cumulative Preferred Shares offer strong dividend coverage, with a potential yield over 12% and a 13.37x coverage factor. FTAI's asset base includes 53.4% aircraft and 47% aircraft engines, with high utilization rates and a focus on narrowbody assets. Despite a one-time $300M restructuring expense, FTAI expects significant annual savings and strong future EBITDA growth, bolstered by recent acquisitions.
Howmet and FTAI are near their all time highs as investors rotate out of tech stocks. The defense stocks hold strong technical ratings.
FTAI Infrastructure owns North American energy infrastructure assets. The company recently reported Q2'24 earnings with revenue miss but positive EBITDA; performance seems to be going well across business units. However, given high maintenance capex and interest expense are significant detractors from EBITDA, the valuation doesn't appear as cheap as it is at first glance.
In the first half of 2024, our long book performed strong relative to the Russell 2000, driven by our high-conviction positions. We are pleased with our relative performance and believe the Russell 2000 remains a more appropriate benchmark for comparison. Top gainers include FTAI Aviation and FTAI Infrastructure, while top detractors include Latch and Industrial Short.
FTAI Aviation is a key player in aviation equipment leasing and aftermarket components, aiming for $1.25 billion EBITDA by 2026. Strong demand for aviation assets and operational efficiencies continue to drive growth in its leasing and aerospace products segments. The business has an extensive runway to deploy funds into its growth operations where each $1 of incremental capital is valued >$1 by the market.
Does FTAI Aviation (FTAI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how FTAI Aviation (FTAI) and Heico Corporation (HEI) have performed compared to their sector so far this year.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
FTAI Aviation (FTAI) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.46 per share a year ago.
FTAI Aviation (FTAI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FTAI Aviation (FTAI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
FTAI Infrastructure is initiated with a buy rating and a price target of $11 per share by 1Q2025. Cash flows from Transtar's performance will enable FIP to finalize agreements on its remaining segments, unlocking accretive EBITDA by 4Q2024. The company has the potential to generate around $200 million in EBITDA by 2Q2025, translating to an intrinsic value of $14 per share.