FTAI Infrastructure (NASDAQ:FIP - Get Free Report) posted its quarterly earnings data on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $1.23, Zacks reports. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The firm had revenue of $96.16 million for the quarter, compared to analysts' expectations of $107.84 million.
FTAI Infrastructure Stock Down 2.2%
Shares of FIP traded down $0.12 during trading hours on Thursday, hitting $5.17. The company had a trading volume of 532,012 shares, compared to its average volume of 1,346,448. The firm has a fifty day moving average price of $4.37 and a 200-day moving average price of $6.42. FTAI Infrastructure has a 52-week low of $3.10 and a 52-week high of $10.46. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $592.74 million, a price-to-earnings ratio of -2.61 and a beta of 1.70.
FTAI Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.03 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 2.32%. FTAI Infrastructure's dividend payout ratio is -9.09%.
Wall Street Analyst Weigh In
Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research note on Tuesday, April 22nd.
Read Our Latest Report on FIP
About FTAI Infrastructure
(
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FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
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