Equities analysts predict that Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) will announce $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Brookfield Infrastructure Partners’ earnings, with estimates ranging from $0.82 to $0.90. Brookfield Infrastructure Partners posted earnings of $0.06 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1,333.3%. The company is scheduled to announce its next earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that Brookfield Infrastructure Partners will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.44. For the next year, analysts expect that the business will post earnings of $3.80 per share, with EPS estimates ranging from $3.69 to $3.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Brookfield Infrastructure Partners.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.74). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Brookfield Infrastructure Partners had a net margin of 4.27% and a return on equity of 1.82%. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year.
Several analysts have commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 target price (up from $50.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, September 27th. Barclays boosted their price target on Brookfield Infrastructure Partners from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. TD Securities upped their price target on Brookfield Infrastructure Partners from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 8th. CIBC reaffirmed a “hold” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, September 30th. Finally, Raymond James reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.80.
Institutional investors and hedge funds have recently made changes to their positions in the business. Institutional & Family Asset Management LLC boosted its stake in shares of Brookfield Infrastructure Partners by 126.9% in the 3rd 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. Select Equity Group L.P. grew its holdings in Brookfield Infrastructure Partners by 15.4% in the third quarter. Select Equity Group L.P. now owns 674,810 shares of the utilities provider’s stock valued at $33,477,000 after purchasing an additional 90,151 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $432,000. Vicus Capital purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $318,000. Finally, Stifel Financial Corp raised its stake in shares of Brookfield Infrastructure Partners by 21.5% during the 3rd quarter. Stifel Financial Corp now owns 24,287 shares of the utilities provider’s stock worth $1,207,000 after buying an additional 4,300 shares during the period. Institutional investors and hedge funds own 50.27% of the company’s stock.
Shares of NYSE BIP opened at $52.06 on Friday. The firm has a market cap of $14.58 billion, a P/E ratio of 260.50, a PEG ratio of 1.53 and a beta of 0.82. Brookfield Infrastructure Partners has a twelve month low of $32.26 and a twelve month high of $52.83. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $50.62 and a 200 day moving average of $46.23.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 3.86%. The ex-dividend date is Thursday, November 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 340.68%.
About Brookfield Infrastructure Partners
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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