FTAI Infrastructure (NASDAQ:FIP) Releases Quarterly Earnings Results

FTAI Infrastructure (NASDAQ:FIP) released its earnings results on Thursday. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72), FiscalAI reports. The firm had revenue of $218.97 million during the quarter, compared to analysts’ expectations of $195.03 million.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock traded up $0.19 during trading hours on Thursday, hitting $2.94. The company had a trading volume of 2,598,016 shares, compared to its average volume of 1,529,015. The company has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $4.46. FTAI Infrastructure has a 1 year low of $2.23 and a 1 year high of $6.69.

Analyst Ratings Changes

FIP has been the subject of a number of research analyst reports. Jefferies Financial Group set a $10.00 price target on FTAI Infrastructure in a research note on Tuesday, September 29th. Wall Street Zen downgraded FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th. BTIG Research reaffirmed a “buy” rating and issued a $9.00 price objective on shares of FTAI Infrastructure in a research report on Monday, September 28th. Citizens Jmp began coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 target price on the stock. Finally, JonesTrading reiterated a “buy” rating and set a $8.75 target price on shares of FTAI Infrastructure in a research report on Monday, September 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.95.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers.

The company’s businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S.