FTAI Infrastructure (NASDAQ:FIP) Releases Earnings Results

FTAI Infrastructure (NASDAQ:FIP) announced its quarterly earnings results on Thursday. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.72), FiscalAI reports. The firm had revenue of $218.97 million for the quarter, compared to the consensus estimate of $195.03 million.

FTAI Infrastructure Trading Up 6.9%

FIP stock traded up $0.19 during trading on Thursday, hitting $2.94. The company had a trading volume of 2,598,016 shares, compared to its average volume of 1,529,015. The stock has a market cap of $347.45 million, a PE ratio of -0.57 and a beta of 1.82. The business has a 50-day moving average of $2.89 and a 200-day moving average of $4.46. FTAI Infrastructure has a one year low of $2.23 and a one year high of $6.69.

Analysts Set New Price Targets

FIP has been the subject of a number of research reports. Citigroup reiterated a “market outperform” rating on shares of FTAI Infrastructure in a research note on Tuesday, September 29th. JonesTrading restated a “buy” rating and set a $8.75 price objective on shares of FTAI Infrastructure in a research report on Monday, September 28th. Wall Street Zen cut FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. BTIG Research reiterated a “buy” rating and issued a $9.00 target price on shares of FTAI Infrastructure in a research report on Monday, September 28th. Finally, Citizens Jmp started coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FTAI Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.95.

About FTAI Infrastructure

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.