FTAI Infrastructure (NASDAQ:FIP – Get Free Report) announced its earnings results on Thursday. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72), FiscalAI reports. The company had revenue of $218.97 million during the quarter, compared to the consensus estimate of $195.03 million.
FTAI Infrastructure Trading Up 18.0%
FTAI Infrastructure stock opened at $3.47 on Friday. FTAI Infrastructure has a 52 week low of $2.23 and a 52 week high of $6.69. The stock has a 50 day moving average of $2.88 and a 200-day moving average of $4.45.
FTAI Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 23rd. FTAI Infrastructure’s dividend payout ratio is presently -2.31%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on FIP. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Wednesday, September 9th. Wall Street Zen lowered shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. Jefferies Financial Group set a $10.00 price target on shares of FTAI Infrastructure in a research note on Tuesday, September 29th. UBS Group restated a “buy” rating on shares of FTAI Infrastructure in a report on Friday. Finally, BTIG Research decreased their price objective on FTAI Infrastructure from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.75.
Read Our Latest Research Report on FIP
FTAI Infrastructure News Roundup
Here are the key news stories impacting FTAI Infrastructure this week:
- Positive Sentiment: FIP reported Q3 revenue of $218.97 million, above analysts’ $195.03 million estimate. FERC approval of MARA Holdings’ $1.5 billion Long Ridge acquisition may also help advance a transaction tied to FIP’s Long Ridge assets and potential monetization. FTAI Infrastructure Q3 sales FERC clears Long Ridge acquisition
- Positive Sentiment: The company declared a quarterly dividend of $0.03 per share, payable December 7 to shareholders of record November 23. Q3 results and dividend announcement
- Neutral Sentiment: Coverage of the Q3 outlook highlights rail growth, asset sales, and a terminal transformation. These initiatives could support future performance, but their impact depends on execution. Q3 outlook analysis
- Negative Sentiment: FIP posted a Q3 loss of $1.27 per share, significantly worse than analysts’ expected loss of $0.55. The earnings miss may temper the positive revenue and asset-sale news. Q3 earnings call transcript
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.
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