FTAI Infrastructure (NASDAQ:FIP - Get Free Report) announced its earnings results on Thursday. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $1.23, Zacks reports. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%. The business had revenue of $96.16 million during the quarter, compared to analysts' expectations of $107.84 million.
FTAI Infrastructure Stock Performance
NASDAQ FIP traded down $0.06 on Friday, hitting $4.60. 3,314,978 shares of the company's stock were exchanged, compared to its average volume of 1,338,788. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The firm's 50-day moving average price is $4.37 and its two-hundred day moving average price is $6.49. The firm has a market cap of $527.90 million, a price-to-earnings ratio of -2.32 and a beta of 1.70. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $10.46.
FTAI Infrastructure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Monday, May 19th. FTAI Infrastructure's dividend payout ratio is presently -4.36%.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research note on Tuesday, April 22nd.
Get Our Latest Analysis on FTAI Infrastructure
FTAI Infrastructure Company Profile
(
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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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