FTAI Infrastructure (FIP) Set to Release Quarterly Earnings on Tuesday

FTAI Infrastructure (NASDAQ:FIP) will announce its earnings results after the market closes on Tuesday, May 7th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) earnings per share (EPS) for the quarter. The business had revenue of $81.44 million during the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%.

FTAI Infrastructure Stock Performance

FIP stock opened at $7.42 on Tuesday. FTAI Infrastructure has a 1 year low of $2.77 and a 1 year high of $7.80. The stock’s fifty day moving average price is $5.96 and its 200-day moving average price is $4.55. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $754.54 million, a P/E ratio of -4.12 and a beta of 1.50.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 27th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, March 26th. FTAI Infrastructure’s payout ratio is -6.67%.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on shares of FTAI Infrastructure in a report on Thursday, April 18th. They set a “buy” rating and a $10.00 price objective for the company.

FTAI Infrastructure Company Profile

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.