Analysts expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) to post earnings of $0.82 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Brookfield Infrastructure Partners’ earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.79. Brookfield Infrastructure Partners posted earnings of $0.12 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 583.3%. The company is expected to announce its next earnings report on Friday, August 7th.
On average, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.06. For the next year, analysts forecast that the business will post earnings of $3.45 per share, with EPS estimates ranging from $3.40 to $3.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Brookfield Infrastructure Partners.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). Brookfield Infrastructure Partners had a return on equity of 1.87% and a net margin of 4.54%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 37.9% on a year-over-year basis.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Citigroup assumed coverage on shares of Brookfield Infrastructure Partners in a research note on Thursday, June 18th. They set a “neutral” rating and a $41.00 price target on the stock. TD Securities upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and cut their price target for the stock from $57.00 to $53.00 in a research note on Wednesday, March 18th. BMO Capital Markets lifted their price target on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Scotiabank cut their price target on shares of Brookfield Infrastructure Partners from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.08.
Shares of BIP traded up $0.60 during midday trading on Tuesday, reaching $40.32. The stock had a trading volume of 310,200 shares, compared to its average volume of 527,282. Brookfield Infrastructure Partners has a 1-year low of $25.77 and a 1-year high of $56.31. The company’s fifty day simple moving average is $41.02 and its two-hundred day simple moving average is $45.26. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 161.28 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.94 annualized dividend and a yield of 4.81%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 2,771.43%.
A number of hedge funds have recently made changes to their positions in BIP. Altshuler Shaham Ltd bought a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter worth $27,000. CWM LLC bought a new position in Brookfield Infrastructure Partners in the 1st quarter worth $30,000. HBC Financial Services PLLC bought a new position in Brookfield Infrastructure Partners in the 4th quarter worth $43,000. Perennial Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the first quarter valued at about $45,000. Finally, Sowa Financial Group Inc. bought a new stake in Brookfield Infrastructure Partners during the first quarter valued at about $54,000. Institutional investors own 49.51% of the company’s stock.
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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