Brookfield Infrastructure Partners (NYSE:BIP) Releases Earnings Results, Beats Estimates By $0.58 EPS

Brookfield Infrastructure Partners (NYSE:BIPGet Free Report) (TSE:BIP.UN) announced its quarterly earnings data on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.24 by $0.58, Zacks reports. Brookfield Infrastructure Partners had a net margin of 0.03% and a return on equity of 0.02%.

Brookfield Infrastructure Partners Trading Down 2.4 %

BIP stock opened at $32.78 on Friday. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The company’s 50 day moving average price is $32.79 and its two-hundred day moving average price is $32.95. The company has a market capitalization of $15.21 billion, a PE ratio of -86.26 and a beta of 1.07.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.25%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -426.32%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BIP. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday. TD Securities increased their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $42.20.

View Our Latest Analysis on Brookfield Infrastructure Partners

Brookfield Infrastructure Partners Company Profile

(Get Free Report)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.

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Earnings History for Brookfield Infrastructure Partners (NYSE:BIP)

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