Analysts expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) to post earnings per share (EPS) of $0.86 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Brookfield Infrastructure Partners’ earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.90. Brookfield Infrastructure Partners reported earnings per share of $0.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1,333.3%. The firm is scheduled to report its next earnings report on Wednesday, February 5th.
On average, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $3.41 per share for the current year, with EPS estimates ranging from $3.37 to $3.44. For the next financial year, analysts expect that the firm will post earnings of $3.80 per share, with EPS estimates ranging from $3.69 to $3.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Brookfield Infrastructure Partners.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.74). Brookfield Infrastructure Partners had a net margin of 4.27% and a return on equity of 1.82%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.08 billion. The firm’s quarterly revenue was up 42.6% compared to the same quarter last year.
A number of analysts recently issued reports on BIP shares. Zacks Investment Research downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets set a $53.00 target price on Brookfield Infrastructure Partners and gave the stock a “buy” rating in a report on Friday, September 27th. CIBC reissued a “hold” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, September 30th. Raymond James restated an “outperform” rating and issued a $52.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, November 8th. Finally, Credit Suisse Group set a $48.00 price target on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.80.
Shares of Brookfield Infrastructure Partners stock traded down $0.11 during trading hours on Friday, reaching $52.17. 211,084 shares of the company’s stock were exchanged, compared to its average volume of 294,973. The company has a 50 day moving average of $50.97 and a two-hundred day moving average of $46.43. Brookfield Infrastructure Partners has a fifty-two week low of $32.26 and a fifty-two week high of $52.83. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.91. The stock has a market cap of $14.60 billion, a P/E ratio of 88.42, a P/E/G ratio of 1.53 and a beta of 0.82.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.502 dividend. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, November 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 340.68%.
Institutional investors have recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 266.7% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,100 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 800 shares during the period. Glen Harbor Capital Management LLC acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at about $54,000. Price Capital Management Inc. bought a new position in Brookfield Infrastructure Partners during the third quarter worth about $64,000. Usca Ria LLC bought a new position in Brookfield Infrastructure Partners during the third quarter worth about $71,000. Finally, Institutional & Family Asset Management LLC increased its position in Brookfield Infrastructure Partners by 126.9% during the third quarter. Institutional & Family Asset Management LLC now owns 1,452 shares of the utilities provider’s stock worth $72,000 after buying an additional 812 shares during the last quarter. Institutional investors own 50.27% of the company’s stock.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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