FTAI Infrastructure (FIP) Set to Announce Earnings on Tuesday

FTAI Infrastructure (NASDAQ:FIP) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.47) earnings per share for the quarter. The firm 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 Trading Down 0.9 %

NASDAQ FIP opened at $7.30 on Friday. The firm has a market cap of $742.34 million, a PE ratio of -4.06 and a beta of 1.29. FTAI Infrastructure has a 52 week low of $2.84 and a 52 week high of $7.80. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.25. The company has a 50 day moving average price of $6.19 and a 200 day moving average price of $4.64.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, March 26th. FTAI Infrastructure’s payout ratio is presently -6.67%.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on FTAI Infrastructure in a research note on Thursday, April 18th. They set a “buy” rating and a $10.00 target price on the stock.

About FTAI Infrastructure

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.