FTAI Infrastructure (NASDAQ:FIP) Issues Quarterly Earnings Results, Misses Estimates By $0.81 EPS

FTAI Infrastructure (NASDAQ:FIP – Get Free Report) released its earnings results on Wednesday. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81), FiscalAI reports. FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The firm had revenue of $186.77 million during the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Stock Up 0.3%

Shares of FIP traded up $0.01 during mid-day trading on Wednesday, hitting $3.41. 2,483,802 shares of the company’s stock traded hands, compared to its average volume of 1,284,150. The firm has a market capitalization of $402.93 million, a P/E ratio of -0.76 and a beta of 1.80. The business’s 50-day moving average price is $4.39 and its 200-day moving average price is $5.09. FTAI Infrastructure has a 1 year low of $3.35 and a 1 year high of $7.93.

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FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 18th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.12 annualized dividend and a dividend yield of 3.5%. FTAI Infrastructure’s payout ratio is -2.66%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FIP. Compass Point set a $12.00 price objective on FTAI Infrastructure in a report on Tuesday, June 30th. JonesTrading began coverage on shares of FTAI Infrastructure in a research report on Wednesday, July 1st. They set a “buy” rating and a $8.75 price target on the stock. BTIG Research decreased their price target on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. Finally, Citizens Jmp initiated coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, FTAI Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $9.94.

View Our Latest Analysis on FTAI Infrastructure

Insider Buying and Selling

In related news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $4.58 per share, with a total value of $45,800.00. Following the transaction, the chief financial officer owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Institutional Trading of FTAI Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of FIP. Tower Research Capital LLC TRC raised its holdings in FTAI Infrastructure by 324.4% in the second quarter. Tower Research Capital LLC TRC now owns 25,679 shares of the company’s stock worth $158,000 after purchasing an additional 19,628 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of FTAI Infrastructure by 9.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock worth $145,000 after acquiring an additional 2,979 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in FTAI Infrastructure during the 3rd quarter valued at about $135,000. Freestone Grove Partners LP bought a new stake in FTAI Infrastructure during the third quarter worth about $115,000. Finally, EFG International AG purchased a new stake in FTAI Infrastructure in the fourth quarter worth about $84,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Infrastructure

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FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.

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