FIP

U.S. Stock Market Update: U.S. stock futures rose this morning, with Dow futures increasing by approximately 300 points, while several stocks, including James Hardie Industries and Progyny, saw significant declines in pre-market trading.

Notable Stock Movements: James Hardie Industries shares dropped 12.7% after announcing an $8.75 billion acquisition of AZEK, alongside other companies like New Oriental Education and MINISO Group also experiencing notable losses in their stock prices.

Analyst Rating and Price Target: JMP Securities analyst Brian McKenna has maintained a Buy rating on FTAI Infrastructure Incorporation (FIP) with a price target of $12.00, while the stock currently trades at $5.27. The consensus among analysts suggests a Moderate Buy with a target of $13.00, indicating a potential upside of 146.68%.

Financial Performance: FTAI Infrastructure reported quarterly revenue of $83.31 million and a GAAP net loss of $32.99 million for the quarter ending September 30, showing improvement from the previous year's revenue of $80.71 million and a larger net loss of $40.12 million.

Dividend Stocks at 52-Week Lows: Several dividend stocks are trading near their 52-week lows this week, with ten of them approaching their ex-dividend dates, making them potential investment opportunities for buyers looking to benefit from upcoming payouts.

List of Stocks: The highlighted stocks include CRI, SHOO, OC, ECC, CRWS, TROW, SEE, LEG, FIP, and UTMD, which can be purchased at discounted prices before their respective ex-dividend dates.

FTAI Infrastructure Inc Options Trading: FTAI Infrastructure Inc (FIP) experienced significant options trading with 5,551 contracts, particularly for the $7 strike call option expiring July 18, 2025, which accounted for a large portion of its average daily trading volume.

Abercrombie & Fitch Co Options Activity: Abercrombie & Fitch Co (ANF) saw high options activity with 9,550 contracts traded today, notably for the $108 strike put option expiring February 28, 2025, representing a substantial percentage of its average daily trading volume.

Dividend Announcement: FTAI Infrastructure (NASDAQ: FIP) has declared a quarterly dividend of $0.03 per share, consistent with previous dividends, with a forward yield of 2.11%.

Payment Details: The dividend will be payable on March 26 to shareholders of record as of March 14, with the ex-dividend date also set for March 14.

Financial Performance: FTAI Infrastructure Inc. reported a net loss of $137.2 million for Q4 2024 and $298.1 million for the full year, with an Adjusted EBITDA of $29.2 million for Q4 and $127.6 million for the year, alongside a declared cash dividend of $0.03 per share.

Business Developments: The company closed a debt refinancing and acquired a 49.9% stake in Long Ridge, anticipating approximately $160 million in annual Adjusted EBITDA from it, while also securing contracts expected to contribute an additional $75 million in annual Adjusted EBITDA across various segments.

U.S. Stock Market Update: U.S. stock futures rose this morning, with Dow futures up over 150 points, while several stocks, including Aehr Test Systems, experienced significant declines in pre-market trading due to disappointing financial results.

Aehr Test Systems Performance: Aehr Test Systems reported earnings of 2 cents per share, missing expectations, and saw a 19.3% drop in shares during pre-market trading, alongside other notable declines in companies like FTAI Infrastructure and Trump Media & Technology Group.

KB Home Financial Results: KB Home's shares surged 9.1% in pre-market trading after reporting fourth-quarter revenue of $2 billion and earnings of $2.52 per share, both exceeding analyst expectations.

Stock Movements: Several stocks experienced significant pre-market movements, with Nature’s Miracle Holding Inc gaining 109.7% and Sangoma Technologies Corporation falling 40.8%.

Upcoming Ex-Dividend Dates: On 11/12/24, IBM, NMM, and FIP will trade ex-dividend with respective dividends of $1.67, $0.05, and $0.03, leading to expected price drops of approximately 0.78%, 0.09%, and 0.34% respectively.

Dividend Yield Expectations: The estimated annual yields based on recent dividends are 3.13% for IBM, 0.37% for NMM, and 1.34% for FIP, indicating varying levels of stability in their dividend payments over time.

Financial Performance: FTAI Infrastructure Inc. reported a net loss of $49,971,000 for Q3 2024, with an adjusted EBITDA of $36,928,000, reflecting operational challenges but also ongoing construction projects progressing on schedule.

Dividends and Future Outlook: The company declared a cash dividend of $0.03 per share for the quarter and highlighted significant capacity pricing increases at Long Ridge power plant expected to contribute an additional $16 million in annual adjusted EBITDA for the upcoming seasons.

Analyst Rating and Price Target: Gregory Lewis from BTIG maintains a Buy rating on FTAI Infrastructure Incorporation (FIP) with a price target of $11.00, while the stock currently trades at $9.24, amidst a Strong Buy consensus with an average target of $12.00.

Insider Activity and Company Overview: Positive insider sentiment is noted as 11 insiders have increased their share purchases, including a major shareholder buying over 1.7 million shares; FTAI operates in Ports and Terminals, Railroads, and Energy Transition sectors.

Financial Results Announcement: FTAI Infrastructure Inc. will announce its third quarter 2024 financial results on October 30, 2024, and host a conference call on October 31, 2024, at 8:00 A.M. Eastern Time.

Company Overview: FTAI Infrastructure focuses on investing in critical infrastructure sectors such as rail, ports, terminals, and power, aiming for strong cash flows and potential asset appreciation.

Analyst Rating and Price Target: JMP Securities analyst Brian McKenna has maintained a Buy rating for FTAI Infrastructure Inc. (FIP) with a price target of $12.00, while the stock closed at $9.83 last Friday. The overall analyst consensus suggests a Strong Buy rating with an average price target of $11.33.

Company Overview: FTAI Infrastructure operates in three main sectors: Ports and Terminals, Railroads, and Energy Transition, focusing on industrial properties for energy products, short line railroads in North America, and investments in green technology and sustainable fuels.

Financial Performance: FTAI Infrastructure Inc. reported a net loss of $54,350,000 for Q2 2024, with an adjusted EBITDA of $34,256,000, reflecting a 12% increase from the previous quarter's core segments.

Dividends and Business Highlights: The company declared a cash dividend of $0.03 per share, with notable revenue generation from Transtar and record throughput at Jefferson Terminal, while Long Ridge anticipates significant EBITDA growth in the upcoming years.

Analyst Rating and Price Target: JMP Securities analyst Brian McKenna has maintained a Buy rating for FTAI Infrastructure Incorporation (FIP) with a price target of $12.00, while the current consensus is a Strong Buy with an average target of $11.33.

Company Overview: FTAI Infrastructure operates in three main sectors: Ports and Terminals, Railroads, and Energy Transition, focusing on industrial properties, regional railroads, and investments in green technology and sustainable fuels.

Market Performance: Education & training services stocks are showing relative strength, with the sector up approximately 1% on Friday, driven by American Public Education's 4.6% increase and Gaotu Techedu's 1.9% rise.

Sector Leaders: The video highlights transportation services and education & training services as leading sectors on Friday.