3i Infrastructure (LON:3IN) Releases Quarterly Earnings Results

3i Infrastructure (LON:3IN) announced its quarterly earnings data on Tuesday. The company reported GBX 32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. The company had revenue of £409 million during the quarter.

Here are the key takeaways from 3i Infrastructure’s conference call:

• 3i Infrastructure delivered an 8.5% total return, in line with its medium-term target range of 8%-10%, despite a challenging market backdrop and the write-down of DNS:NET.
• The company completed the sale of TCR at a significant premium, its largest-ever exit, generating proceeds of about EUR 1.1 billion and helping drive a sharp improvement in liquidity.
• NAV rose to 405.2 pence per share, supported by portfolio earnings growth, strong exits, and active capital allocation across the year.
• The board announced a higher dividend target of 14.3 pence per share for the next year, up 6.3%, and said the current dividend is fully covered by net income.
• The portfolio remains mixed: new investments like the Lefdal Mine Datacenter and bolt-ons at Joulz were highlighted as growth drivers, while DNS:NET was written down after financing for its fiber rollout became unavailable.

3i Infrastructure Stock Performance

Shares of 3i Infrastructure stock traded down GBX 7.50 during trading hours on Wednesday, reaching GBX 363. The company’s stock had a trading volume of 2,910,011 shares, compared to its average volume of 3,209,619. The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. 3i Infrastructure has a one year low of GBX 319 and a one year high of GBX 387.50. The company’s 50 day simple moving average is GBX 351.17 and its 200 day simple moving average is GBX 359.53. The stock has a market cap of £3.35 billion, a P/E ratio of 7.93 and a beta of 0.50.

Analyst Ratings Changes

3IN has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 450 price target on shares of 3i Infrastructure in a research report on Tuesday, January 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of 3i Infrastructure in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Company Profile

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to deliver a long-term sustainable return to shareholders from investing in infrastructure.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Manager to 3i Infrastructure plc.