FTAI Infrastructure (NASDAQ:FIP) Shares Gap Down After Earnings Miss

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $6.44, but opened at $6.01. FTAI Infrastructure shares last traded at $6.0720, with a volume of 928,354 shares trading hands.

The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). FTAI Infrastructure had a negative return on equity of 82.60% and a negative net margin of 31.93%.The firm had revenue of $143.52 million during the quarter, compared to analyst estimates of $169.16 million.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, March 13th. FTAI Infrastructure’s dividend payout ratio is -4.88%.

More FTAI Infrastructure News

Here are the key news stories impacting FTAI Infrastructure this week:

• Positive Sentiment: BTIG Research reaffirmed a “buy” rating and set a $10.00 price target (large upside from current levels), which could attract buyers looking for upside. BTIG Buy Rating (Benzinga)
• Positive Sentiment: The board declared a quarterly cash dividend of $0.03/share (annualized yield ~2.0%; ex-dividend March 13), a modest income signal that may support investor interest. Dividend Announcement (Business Insider / GlobeNewswire)
• Neutral Sentiment: Earnings call presentation and slides were posted for investors to review full commentary and segment detail—useful for digging into drivers of the miss and management outlook. Earnings Call Presentation (Seeking Alpha)
• Neutral Sentiment: Company press release and slide deck are available for full financials and management commentary (no guidance change published in headlines). Press Release / Slide Deck (MarketBeat / Quartr)
• Negative Sentiment: Material earnings miss: EPS of ($1.08) missed consensus by $0.65; this large shortfall raises near-term profitability concerns. Earnings Miss Details (MarketBeat)
• Negative Sentiment: Revenue missed estimates ($143.52M vs. $169.16M est.), reinforcing the view that top-line weakness is driving the quarter’s poor results. Revenue Miss (Yahoo Finance)

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIP. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Wall Street Zen upgraded FTAI Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BTIG Research reissued a “buy” rating and issued a $10.00 price objective on shares of FTAI Infrastructure in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at $28,939,000. Alliancebernstein L.P. lifted its holdings in FTAI Infrastructure by 3,990.2% during the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock valued at $17,482,000 after purchasing an additional 3,911,600 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in FTAI Infrastructure by 425.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock valued at $22,458,000 after purchasing an additional 2,947,567 shares during the last quarter. Ares Management LLC acquired a new position in FTAI Infrastructure in the fourth quarter valued at about $5,521,000. Finally, Northern Right Capital Management L.P. bought a new stake in FTAI Infrastructure during the second quarter worth about $5,465,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Price Performance

The stock has a market capitalization of $674.48 million, a P/E ratio of -2.52 and a beta of 1.86. The company’s 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $5.09. The company has a debt-to-equity ratio of 110.28, a current ratio of 0.25 and a quick ratio of 0.25.

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.