FTAI Infrastructure (FIP) Set to Announce Earnings on Wednesday

FTAI Infrastructure (NASDAQ:FIP) will be announcing its earnings results after the market closes on Wednesday, October 30th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). The firm had revenue of $84.89 million during the quarter. FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%.

FTAI Infrastructure Trading Up 1.7 %

FIP opened at $9.00 on Wednesday. The company has a debt-to-equity ratio of 5.42, a quick ratio of 2.10 and a current ratio of 2.10. The stock’s 50 day moving average price is $9.16 and its 200-day moving average price is $8.64. FTAI Infrastructure has a one year low of $3.01 and a one year high of $10.45. The stock has a market cap of $915.25 million, a price-to-earnings ratio of -4.64 and a beta of 1.28.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Monday, August 12th. FTAI Infrastructure’s dividend 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 FTAI Infrastructure stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $9.04, for a total value of $30,731,489.04. Following the transaction, the insider now owns 8,418,561 shares in the company, valued at $76,103,791.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of FTAI Infrastructure in a research report on Monday, August 5th.

About FTAI Infrastructure

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.