FTAI Infrastructure (NASDAQ:FIP - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Individual interested in registering for the company's earnings conference call can do so using this link.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.17). The business had revenue of $84.89 million during the quarter. FTAI Infrastructure had a negative net margin of 49.85% and a negative return on equity of 44.09%.
FTAI Infrastructure Stock Performance
Shares of FIP remained flat at $9.00 during mid-day trading on Wednesday. The stock had a trading volume of 477,336 shares, compared to its average volume of 1,161,268. The company has a debt-to-equity ratio of 5.42, a current ratio of 2.10 and a quick ratio of 2.10. The business has a fifty day moving average of $9.16 and a 200-day moving average of $8.65. The stock has a market capitalization of $915.25 million, a price-to-earnings ratio of -4.64 and a beta of 1.28. FTAI Infrastructure has a 1-year low of $3.01 and a 1-year high of $10.45.
FTAI Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Infrastructure's payout ratio is currently -6.19%.
Insider Activity at FTAI Infrastructure
In other FTAI Infrastructure news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the completion of the transaction, the insider now owns 8,418,561 shares of the company's stock, valued at approximately $76,103,791.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.17% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research note on Monday, August 5th.
Check Out Our Latest Stock 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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