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FTAI Aviation (FTAI) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-10-01 17:00
FTAI Aviation (FTAI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a cha ...
FTAI Aviation Announces Full Redemption of Outstanding 8.25% Fixed to Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares
GlobeNewswire News Room· 2024-09-30 21:00
NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; "FTAI Aviation" or the "Company") announced today that it will redeem all of the Company's outstanding 4,180,000 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (the "Series A Shares") at a redemption price equal to $25.00 per Series A Share in cash, plus approximately $1,579,811 of accumulated and unpaid distributions thereon to, but not including, the redemption date of October 30, 2024 (t ...
FTAI Aviation: An Expensive Buy On Airbus And Boeing Airplane Shortages
Seeking Alpha· 2024-09-23 16:52
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our inhouse developed data analytics platform. I have been covering FTAI Aviation (NASDAQ: FTAI ) since September 2023 and the stock has performed phenomenally with a return of more than 250% and 66% since my report published in May . With share prices having climbed sharply, we Dhierin runs th ...
FTAI Aviation Preferred: 12% Floating Rate Soon
Seeking Alpha· 2024-09-22 13:15
With Hidden Dividend Stocks Plus he scours the world's markets to find solid income opportunities with dividend yields ranging from 5% to 10% or more, backed by strong earnings. Features include: a portfolio with up to 40 holdings at a time including links to associated articles, a dividend calendar, weekly research articles, exclusive ideas, and trade alerts. Learn More . Robert Hauver, MBA, aka "Double Dividend Stocks" was VP of Finance for an industry-leading corporation for 18 years and has been investi ...
FTAI Aviation Closes the Acquisition of LMCES
GlobeNewswire News Room· 2024-09-09 22:05
NEW YORK and MONTRÉAL, Sept. 09, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) announces the successful completion of its acquisition of Lockheed Martin Commercial Engine Solutions ("LMCES"), a 526,000-square-foot aircraft engine maintenance repair facility located in Montréal, Québec, from Lockheed Martin Canada. The completion of the acquisition strengthens FTAI Aviation's Maintenance, Repair, and Exchange (MRE) business with the ability to provide additional maintenance services to airline c ...
FTAI Aviation Ltd. to Participate in the Jefferies Industrials Conference
GlobeNewswire News Room· 2024-08-20 20:15
NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the "Company") today announced that Joe Adams, Chief Executive Officer, will present at the Jefferies Industrials Conference at 9:50AM (ET) on Thursday, September 5, 2023 in New York, New York. The presentation will be webcast live at https://ir.ftaiaviation.com/. About FTAI Aviation Ltd. FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including the Mo ...
FTAI Infrastructure: Valuation Has Gone Off The Rails And Momentum Is Losing Steam
Seeking Alpha· 2024-08-07 18:05
Core Viewpoint - FTAI Infrastructure is positioned to benefit from the ongoing infrastructure boom, but recent earnings results indicate potential challenges in meeting market expectations [4][6][9]. Company Overview - FTAI Infrastructure (NASDAQ:FIP) operates North American energy infrastructure, including freight railroads, ports, terminals, and a natural gas plant [4]. - The company was spun out of FTAI Aviation in 2022 and is managed by Fortress Investment Group [5]. - Key assets include Railroad (Transtar), Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition [5]. Financial Performance - Over the past year, FTAI Infrastructure shares have increased by 192%, significantly outperforming the S&P 500's 20% return [6][7]. - For Q2 2024, the company reported revenues of $84.9 million, a 3.7% year-over-year increase, but missed analyst estimates by $9 million [9][10]. - Adjusted EBITDA for Q2 2024 was $34.3 million, with a significant contribution from the Transtar segment [10][11]. Segment Contributions - Transtar generated $22.1 million in EBITDA, making it the largest contributor to profitability [12]. - Jefferson Terminal's EBITDA increased to $12.3 million, up from $7.1 million the previous year, benefiting from high throughput volumes [12]. - The Power and Gas division reported a negative EBITDA of -$1.5 million, but future demand from AI-focused data centers may improve this segment [12]. Future Outlook - Management projects an annual run rate EBITDA of $200 million by the end of 2024, with expectations to exceed this in 2025 [13]. - The company is preparing for further developments, including construction at Repauno and potential improvements in the Power and Gas division [12][13]. Valuation Considerations - After accounting for $119 million in annual interest expenses and $50 million in maintenance capex, the adjusted cash flow to equity holders is estimated at $31 million [14]. - This results in a high valuation multiple of 33.4x free cash flow, raising concerns about the sustainability of the current share price [14][15]. - Analysts maintain 'buy' ratings, with an average price target of $11.33, suggesting a potential upside of 15.3% [15].
FTAI Infrastructure Inc. Reports Second Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock
GlobeNewswire News Room· 2024-08-02 10:00
NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the "Company" or "FTAI Infrastructure") today reported financial results for the second quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview | --- | --- | |--------------------------------------------------|-----------------| | | | | (in thousands, except per share data) | | | Selected Financial Results | Q2' ...
Here's Why FTAI Aviation (FTAI) is a Great Momentum Stock to Buy
ZACKS· 2024-07-31 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Are Aerospace Stocks Lagging FTAI Aviation Ltd. (FTAI) This Year?
ZACKS· 2024-07-31 14:40
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has FTAI Aviation (FTAI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. FTAI Aviation is one of 46 individual stocks in the Aerospace sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers ...