Fortress Transprtn and Infr Investrs (NYSE:FTAI) released its quarterly earnings results on Thursday. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10, Bloomberg Earnings reports. Fortress Transprtn and Infr Investrs had a net margin of 0.02% and a return on equity of 0.04%. The company had revenue of $159.00 million during the quarter, compared to the consensus estimate of $138.74 million. During the same period in the prior year, the firm earned $0.01 earnings per share. Fortress Transprtn and Infr Investrs’s revenue was up 120.9% on a year-over-year basis.
FTAI stock traded up $0.59 during trading on Friday, reaching $15.54. The company had a trading volume of 242,624 shares, compared to its average volume of 130,014. Fortress Transprtn and Infr Investrs has a 52 week low of $12.84 and a 52 week high of $19.35. The stock has a market cap of $1.27 billion, a P/E ratio of 141.27 and a beta of 1.08. The business’s 50 day moving average price is $15.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.17 and a current ratio of 0.17.
A number of equities analysts recently issued reports on FTAI shares. TheStreet downgraded shares of Fortress Transprtn and Infr Investrs from a “b-” rating to a “c+” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of Fortress Transprtn and Infr Investrs from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 28th. Finally, ValuEngine downgraded shares of Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd.
About Fortress Transprtn and Infr Investrs
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.
Recommended Story: What is meant by buying and selling pressure?
Receive News & Ratings for Fortress Transprtn and Infr Investrs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Transprtn and Infr Investrs and related companies with MarketBeat.com's FREE daily email newsletter.