FTAI Aviation Names New CFO and Accounting Chief as Shares Fall 5.2%
FTAI Aviation has appointed Nicholas McAleese as CFO and Michael Hazan as Chief Accounting Officer, succeeding Angela Nam. The company reported Q4 EPS of $1.08 missing the $1.29 estimate and revenue of $662.03 million below the $688.38 million consensus, triggering a 5.2% stock drop.
1. Leadership Changes
FTAI Aviation has tapped Nicholas McAleese as CFO and Michael Hazan as Chief Accounting Officer, both effective immediately. McAleese joined the firm in 2022 as SVP of FP&A and led its finance and planning functions, while Hazan has overseen accounting and reporting since 2017. They succeed Angela Nam, who is departing.
2. Q4 Earnings Results
The company delivered Q4 EPS of $1.08, falling short of the $1.29 consensus, and reported revenue of $662.03 million versus an expected $688.38 million. The disappointing results triggered a 5.2% decline in share value at the close, intensifying pressure on upcoming financial guidance.
3. Stock Momentum and Analyst Ratings
Despite the recent pullback, shares remain up 137.8% over the past year and trade 10% below the 20-day SMA but 19.3% above the 100-day SMA. Analysts maintain an average price target of $216.90 with Buy and Outperform ratings, while technical indicators show neutral RSI at 47.3 and bearish MACD momentum.