With 0.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 million shares. During the session, the Conglomerates company that operates in wider Industrials sector, reached to the highest price of $8.84 whereas the lowest price it dropped to was $8.445. The 52-week range on FIP shows that it touched its highest point at $10.45 and its lowest point at $3.42 during that stretch. It currently has a 1-year price target of $12.00. With its current market cap of 946.74 million, FIP has annualized dividend of $0.12 while the current yield stands at 1.41%. Beta for the stock currently stands at 1.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FIP was down-trending over the past week, with a drop of -0.24%, but this was down by -1.74% over a month. Three-month performance dropped to -10.63% while six-month performance fell -1.16%. The stock gained 131.97% in the past year, while it has gained 118.25% so far this year. A look at the trailing 12-month EPS for FIP yields -1.98 with Next year EPS estimates of -0.86. For the next quarter, that number is -0.36. This implies an EPS growth rate of -4.28% for this year and 54.11% for next year.
Float and Shares Shorts:
At present, 113.75 million FIP shares are outstanding with a float of 108.58 million shares on hand for trading. On 2024-11-15, short shares totaled 6.65 million, which was 584.0 higher than short shares on 1728950400. In addition to Mr. Kenneth J. Nicholson as the firm’s CEO & President, Mr. Scott Christopher CPA serves as its CFO, Chief Accounting Officer & Treasurer.
Institutional Ownership:
Through their ownership of 0.92446 of FIP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, FIP reported revenue of $83311000.0 and operating income of -$4743000.0. The EBITDA in the recently reported quarter was $6978000.0 and diluted EPS was -$0.45.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIP since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FIP analysts setting a high price target of 13.0 and a low target of 11.0, the average target price over the next 12 months is 12.0. Based on these targets, FIP could surge 53.12% to reach the target high and rise by 29.56% to reach the target low. Reaching the average price target will result in a growth of 41.34% from current levels.
Analysts have provided yearly estimates in a range of -$1.8082 being high and -$1.9591 being low. For FIP, this leads to a yearly average estimate of -$1.86667. The surprise factor in the prior quarter was -$0.38. Based on analyst estimates, the high estimate for the next quarter is -$0.42 and the low estimate is -$0.42. The average estimate for the next quarter is thus -$0.42.
