FTAI Infrastructure (NASDAQ:FIP - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.37), Zacks reports. The company had revenue of $80.76 million during the quarter, compared to analyst estimates of $94.83 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.
FTAI Infrastructure Stock Performance
FTAI Infrastructure stock traded down $0.50 during mid-day trading on Monday, hitting $5.34. 1,382,251 shares of the company's stock traded hands, compared to its average volume of 1,097,359. The firm has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $8.16. FTAI Infrastructure has a fifty-two week low of $4.82 and a fifty-two week high of $10.45. The stock has a market cap of $607.40 million, a price-to-earnings ratio of -2.70 and a beta of 1.44. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.
FTAI Infrastructure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure's dividend payout ratio is -4.36%.
About FTAI Infrastructure
(
Get Free Report)
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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