Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.14 per share.
For the full year, analysts predict revenues of $ 416.92 million, while looking forward to loss of $ 0.32 per share.
Previous Quarter Performance
Fortress Transportation and Infrastructure Investors LLC disclosed loss for the second quarter of $ 0.18 per share, from the revenue of $ 94.31 million. The quarterly revenues contracted 40.69 percent compared with the same quarter last year. Wall street analysts are predicting, FTAI to report 2Q20 loss of $ 0.21 per share from revenue of $ 95.31 million. The bottom line results beat street analysts by $ 0.03 or 14.29 percent, at the same time, top line results fell short of analysts by $ 1 million or 1.05 percent.
Stock Performance
Shares of Fortress Transportation and Infrastructure Investors LLC traded low $ -0.87 or -5.03 percent on Wednesday, reaching $ 16.43 with volume of 394.30 thousand shares. Fortress Transportation and Infrastructure Investors LLC has traded high as $ 16.95 and has cracked $ 15.91 on the downward trend
According to the previous trading day, closing price of $ 16.43, representing a 368.83 % increase from the 52 week low of $ 3.69 and a 20.39 % decrease over the 52 week high of $ 21.73.
The company has a market capital of $ 1.41 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.33 per share on July 30, 2020. The dividend were payable on August 31, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
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. The Aviation Leasing segment leases aircraft and aircraft engines.
