FTAI Infrastructure (NASDAQ:FIP) Releases Earnings Results, Misses Expectations By $0.81 EPS

FTAI Infrastructure (NASDAQ:FIP) announced its quarterly earnings data on Wednesday. The company reported ($1.41) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Stock Performance

NASDAQ:FIP traded up $0.48 during mid-day trading on Thursday, hitting $3.90. 1,534,131 shares of the company’s stock traded hands, compared to its average volume of 1,077,222. The company has a fifty day moving average of $4.39 and a 200 day moving average of $5.09. FTAI Infrastructure has a twelve month low of $3.06 and a twelve month high of $7.12. The company has a market capitalization of $460.23 million, a P/E ratio of -0.86 and a beta of 1.80.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 24th. FTAI Infrastructure’s payout ratio is -2.66%.

Insiders Place Their Bets

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the stock in a transaction on Thursday, May 28th. The stock was acquired at an average price of $4.58 per share, with a total value of $45,800.00. Following the completion of the acquisition, the chief financial officer owned 40,000 shares in the company, valued at $183,200. The trade was a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in FTAI Infrastructure by 73.5% during the 4th quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock valued at $53,076,000 after acquiring an additional 4,875,802 shares during the period. Vanguard Group Inc. boosted its stake in FTAI Infrastructure by 4.9% during the third quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock worth $27,387,000 after buying an additional 294,002 shares during the last quarter. Alliancebernstein L.P. grew its holdings in FTAI Infrastructure by 3,990.2% in the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock valued at $17,482,000 after buying an additional 3,911,600 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of FTAI Infrastructure by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,686,678 shares of the company’s stock worth $12,387,000 after acquiring an additional 18,421 shares during the last quarter. Finally, Shay Capital LLC raised its holdings in shares of FTAI Infrastructure by 141.9% during the 3rd quarter. Shay Capital LLC now owns 1,270,060 shares of the company’s stock worth $5,537,000 after acquiring an additional 745,060 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Compass Point set a $12.00 price target on shares of FTAI Infrastructure in a research note on Tuesday, June 30th. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. Citizens Jmp began coverage on FTAI Infrastructure in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price target on the stock. Wall Street Zen cut FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Finally, JonesTrading initiated coverage on FTAI Infrastructure in a research note on Wednesday, July 1st. They issued a “buy” rating and a $8.75 target price on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, FTAI Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $9.94.

FTAI Infrastructure Company Profile

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.