National Bank Financial Weighs in on Brookfield Infrastructure Partners L.P.’s Q3 2018 Earnings (BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities research analysts at National Bank Financial dropped their Q3 2018 EPS estimates for Brookfield Infrastructure Partners in a report issued on Tuesday, October 16th. National Bank Financial analyst R. Merer now expects that the utilities provider will earn $0.72 per share for the quarter, down from their prior forecast of $0.79. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q4 2018 earnings at $0.83 EPS and FY2018 earnings at $3.14 EPS.

A number of other equities research analysts have also recently commented on BIP. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, July 11th. ValuEngine raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Bank of America assumed coverage on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 10th. They issued a “buy” rating on the stock. Credit Suisse Group raised shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $46.00 in a research note on Thursday, July 5th. Finally, Royal Bank of Canada increased their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, August 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Brookfield Infrastructure Partners presently has an average rating of “Buy” and an average target price of $46.70.

Shares of BIP opened at $39.54 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $13.87 billion, a PE ratio of 26.19, a P/E/G ratio of 1.28 and a beta of 0.95. Brookfield Infrastructure Partners has a 52-week low of $37.27 and a 52-week high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.55). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $833.00 million. Brookfield Infrastructure Partners had a net margin of 8.25% and a return on equity of 3.29%.

A number of hedge funds and other institutional investors have recently modified their holdings of BIP. Bridges Investment Management Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter worth about $230,000. Morgan Stanley boosted its stake in shares of Brookfield Infrastructure Partners by 4.8% during the 2nd quarter. Morgan Stanley now owns 1,435,361 shares of the utilities provider’s stock worth $55,118,000 after purchasing an additional 65,383 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Brookfield Infrastructure Partners by 36.3% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 14,105 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 3,755 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 8.7% during the 2nd quarter. Lake Street Advisors Group LLC now owns 799,055 shares of the utilities provider’s stock worth $30,684,000 after purchasing an additional 64,005 shares during the last quarter. Finally, Navellier & Associates Inc boosted its stake in shares of Brookfield Infrastructure Partners by 10.2% during the 1st quarter. Navellier & Associates Inc now owns 34,156 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 3,152 shares during the last quarter. 38.00% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.75%. Brookfield Infrastructure Partners’s payout ratio is 124.50%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's 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 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

Further Reading: How Buying a Call Option Works

Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply