FTAI Infrastructure (NASDAQ:FIP) Announces Earnings Results

FTAI Infrastructure (NASDAQ:FIP) posted its earnings results on Thursday. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72), FiscalAI reports. The business had revenue of $218.97 million during the quarter, compared to the consensus estimate of $195.03 million.

FTAI Infrastructure Price Performance

Shares of FIP opened at $3.29 on Friday. The company’s fifty day moving average price is $2.89 and its 200-day moving average price is $4.46. FTAI Infrastructure has a 1-year low of $2.23 and a 1-year high of $6.69. The firm has a market capitalization of $388.23 million, a PE ratio of -0.61 and a beta of 1.82.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.7%. FTAI Infrastructure’s payout ratio is -2.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Wednesday, September 9th. JonesTrading reissued a “buy” rating and issued a $8.75 price target on shares of FTAI Infrastructure in a report on Monday, September 28th. BTIG Research restated a “buy” rating and set a $9.00 price target on shares of FTAI Infrastructure in a research note on Monday, September 28th. Citizens Jmp started coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price objective on the stock. Finally, Jefferies Financial Group set a $10.00 price objective on shares of FTAI Infrastructure in a research report on Tuesday, September 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.95.

About FTAI Infrastructure

FTAI Infrastructure Inc is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers.

The company’s businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S.