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Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Aerospace Names
ZACKS· 2024-07-30 13:50
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings. Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool. The Zacks Earnings ESP, Explained With this in mind, the E ...
FTAI Aviation(FTAI) - 2024 Q2 - Quarterly Results
2024-07-23 23:03
Exhibit 99.1 PRESS RELEASE FTAI Aviation Ltd. Reports Second Quarter 2024 Results, Declares Dividend of $0.30 per Ordinary Share (1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. Second Quarter 2024 Dividends On July 23, 2024, the Company's Board of Directors (the "Board") declared a cash dividend on our ordinary shares of $0.30 per share for the quarter ended June 30, 2024, payable on August 20, 2024 to the holders of record on August 12, 2024. ...
FTAI Aviation (FTAI) Lags Q2 Earnings Estimates
ZACKS· 2024-07-23 22:31
FTAI Aviation, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $443.59 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 22.57%. This compares to year-ago revenues of $274.35 million. The company has topped consensus revenue estimates three times over the last four quarters. While FTAI Aviation has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? It will be interesting ...
FTAI Aviation Ltd. Reports Second Quarter 2024 Results, Declares Dividend of $0.30 per Ordinary Share
GlobeNewswire News Room· 2024-07-23 20:15
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the "Company" or "FTAI") 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. Second Quarter 2024 Dividends Aerospace Products reaches new Adjusted EBITDA high of $91.2mm for Q2. (1) FTAI has inducted 20 V2500 engines year to date and expects to induct an additional 30 by year end. FT ...
Earnings Preview: FTAI Aviation (FTAI) Q2 Earnings Expected to Decline
ZACKS· 2024-07-16 15:06
The market expects FTAI Aviation (FTAI) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate ...
FTAI Infrastructure Inc. Announces Timing of Second Quarter 2024 Earnings and Conference Call
GlobeNewswire News Room· 2024-07-09 10:30
In addition, management will host a conference call on Friday, August 2, 2024, at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register.vevent.com/register/BIf70c417adfcb4f7cb72082d89b0c516a. Once registered, participants will receive a dial-in and unique pin to access the call. A replay of the conference call will be available after 11:30 A.M. on Friday, August 2, 2024, through 11:30 A.M. on Friday, August 9, 2024 on https://ir.fipinc.com/news-ev ...
FTAI Aviation (FTAI) Surges 9.0%: Is This an Indication of Further Gains?
ZACKS· 2024-06-26 09:20
Company Overview - FTAI Aviation shares experienced a 9% rally in the last trading session, closing at $99.67, with notable trading volume exceeding typical levels [3] - The company is expected to report quarterly earnings of $0.41 per share, reflecting a year-over-year decline of 10.9%, while revenues are projected to be $351.25 million, representing a 28% increase from the previous year [4] Earnings Estimates and Trends - The consensus EPS estimate for FTAI Aviation has been revised 2.7% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [2] - Despite the negative revision trend, the stock has shown a gain of 8.3% over the past four weeks [3] Analyst Ratings and Market Sentiment - Jefferies Financial Group has initiated coverage on FTAI Aviation with a buy rating, which has likely boosted investor confidence and contributed to the recent increase in share price [4] - FTAI Aviation currently holds a Zacks Rank of 3 (Hold), while another company in the same industry, AerSale Corporation, has a Zacks Rank of 1 (Strong Buy) [5]
FTAI Aviation Ltd. Announces Timing of Second Quarter 2024 Earnings and Conference Call
Newsfilter· 2024-06-20 20:15
Company Overview - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines [6] - The company offers a proprietary portfolio of products, including The Module Factory and a joint venture for manufacturing engine PMA, which provides cost savings and flexibility to its customers [6] - FTAI also owns and leases jet aircraft, facilitating the acquisition of engines at attractive prices, and invests in aviation assets and aerospace products that generate strong and stable cash flows with potential for earnings growth and asset appreciation [6] Upcoming Financial Announcements - FTAI plans to announce its financial results for the second quarter of 2024 after the closing of Nasdaq on July 23, 2024 [2] - A conference call will be hosted on July 24, 2024, at 8:00 A.M. Eastern Time, accessible through registration [3] - A simultaneous webcast of the conference call will be available to the public on a listen-only basis [4]
FTAI Aviation Ltd. Announces Timing of Second Quarter 2024 Earnings and Conference Call
GlobeNewswire News Room· 2024-06-20 20:15
Company Overview - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines [7] - The company offers a proprietary portfolio of products, including The Module Factory and a joint venture for manufacturing engine PMA, which provides cost savings and flexibility to its customers [7] - FTAI also owns and leases jet aircraft, facilitating the acquisition of engines at attractive prices [7] Financial Results Announcement - FTAI plans to announce its financial results for the second quarter of 2024 after the closing of Nasdaq on July 23, 2024 [5] - A press release and earnings supplement will be available on the Investor Relations section of the company's website [5] Conference Call Details - Management will host a conference call on July 24, 2024, at 8:00 A.M. Eastern Time, accessible through registration [3] - A replay of the conference call will be available from July 24, 2024, at 11:30 A.M. until July 31, 2024, at 11:30 A.M. [6]
FTAI Aviation Announces Early Tender Results for its 9.750% Senior Notes Due 2027
Newsfilter· 2024-06-19 11:00
Core Viewpoint - FTAI Aviation Ltd. has announced the early tender results of its cash tender offer to purchase up to $300 million of its outstanding 9.750% Senior Notes due 2027, with $269,093,000 validly tendered as of the Extended Early Tender Deadline [2][3][4]. Group 1: Tender Offer Details - The total principal amount of the 2027 Notes outstanding is $400 million, with a tender cap of $300 million [7]. - The total consideration for the 2027 Notes accepted for purchase is $1,029 per $1,000 principal amount, plus accrued and unpaid interest [4][9]. - The settlement date for the validly tendered 2027 Notes is expected to occur on June 21, 2024 [4]. Group 2: Tender Offer Timeline - The Extended Early Tender Deadline was June 18, 2024, and the withdrawal deadline was June 14, 2024 [10]. - The Tender Offer is scheduled to expire at 5:00 p.m. on July 5, 2024, unless extended or terminated earlier [10]. Group 3: Company Overview - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and provides cost savings and flexibility to its customers [14]. - The company invests in aviation assets and aerospace products that generate strong cash flows and have potential for earnings growth and asset appreciation [14].