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

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

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

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• 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 Down 2.0%

3i Infrastructure stock traded down GBX 7.50 during trading hours on Wednesday, hitting GBX 363. The stock had a trading volume of 2,910,011 shares, compared to its average volume of 3,209,619. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26. The stock has a market capitalization of £3.35 billion, a P/E ratio of 7.93 and a beta of 0.50. 3i Infrastructure has a 12-month low of GBX 319 and a 12-month high of GBX 387.50. The stock’s 50-day moving average price is GBX 351.17 and its 200-day moving average price is GBX 359.53.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on 3i Infrastructure

About 3i Infrastructure

(Get Free Report)

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.

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