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

FTAI Infrastructure (NASDAQ:FIP) released its earnings results on Wednesday. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81), FiscalAI reports. The firm had revenue of $186.77 million during the quarter, compared to the consensus estimate of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

FTAI Infrastructure Price Performance

FIP stock traded up $0.13 during midday trading on Friday, hitting $4.18. 780,943 shares of the stock traded hands, compared to its average volume of 1,085,800. The firm has a market cap of $494.04 million, a P/E ratio of -0.81 and a beta of 1.80. The stock’s fifty day simple moving average is $4.38 and its 200-day simple moving average is $5.08. FTAI Infrastructure has a 1-year low of $3.06 and a 1-year high of $6.69.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $0.03 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.9%. FTAI Infrastructure’s dividend payout ratio is presently -2.31%.

Insiders Place Their Bets

In related news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the acquisition, the chief financial officer directly owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional Trading of FTAI Infrastructure

Large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its stake in FTAI Infrastructure by 20.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 39,849 shares of the company’s stock valued at $184,000 after buying an additional 6,678 shares during the last quarter. Wellington Management Group LLP grew its holdings in FTAI Infrastructure by 73.5% during the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock worth $53,076,000 after acquiring an additional 4,875,802 shares during the period. Millennium Management LLC lifted its stake in shares of FTAI Infrastructure by 44.0% in the fourth quarter. Millennium Management LLC now owns 532,950 shares of the company’s stock valued at $2,457,000 after purchasing an additional 162,964 shares during the period. Balyasny Asset Management L.P. increased its holdings in FTAI Infrastructure by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 98,448 shares of the company’s stock valued at $454,000 after buying an additional 58,135 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in FTAI Infrastructure by 2.8% during the fourth quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock worth $325,000 after purchasing an additional 1,920 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BTIG Research reduced their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research note on Friday, June 12th. JonesTrading initiated coverage on shares of FTAI Infrastructure in a research report on Wednesday, July 1st. They set a “buy” rating and a $8.75 price objective on the stock. Citizens Jmp began coverage on shares of FTAI Infrastructure in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 target price for the company. Finally, Wall Street Zen downgraded shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.94.

About FTAI Infrastructure

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.