FTAI Infrastructure (NASDAQ:FIP) Issues Quarterly Earnings Results

Key Points

• FTAI Infrastructure reported a quarterly loss of ($0.73) per share, falling short of the consensus estimate of ($0.37), and generated revenue of $122.29 million against an expectation of $151.77 million.
• The company announced a quarterly dividend of $0.03 per share, representing a 2.4% dividend yield, with a payout ratio currently at -9.09%.
• FTAI Infrastructure saw its stock price drop to $4.98 on Friday following the earnings announcement, with analysts mixed on the stock's prospects.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.36), Zacks reports. The firm had revenue of $122.29 million for the quarter, compared to the consensus estimate of $151.77 million. FTAI Infrastructure had a negative return on equity of 10.19% and a negative net margin of 20.85%.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP traded down $1.26 during midday trading on Friday, hitting $4.98. The stock had a trading volume of 7,224,578 shares, compared to its average volume of 1,704,857. The company's 50-day moving average price is $6.38 and its 200-day moving average price is $5.61. The company has a market capitalization of $571.50 million, a P/E ratio of -3.25 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 7.90. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $9.99.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be given a $0.03 dividend. The ex-dividend date is Monday, August 25th. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. FTAI Infrastructure's payout ratio is presently -9.09%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JMP Securities reissued a "market outperform" rating and set a $12.00 price target on shares of FTAI Infrastructure in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday.

Institutional Investors Weigh In On FTAI Infrastructure

An institutional investor recently bought a new position in FTAI Infrastructure stock. Envestnet Asset Management Inc. bought a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,500 shares of the company's stock, valued at approximately $170,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Company Profile

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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