Brokerages Anticipate Brookfield Infrastructure Partners L.P. (NYSE:BIP) to Announce $0.95 Earnings Per Share

Brokerages expect Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) to announce earnings of $0.95 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Brookfield Infrastructure Partners’ earnings. Brookfield Infrastructure Partners reported earnings of $0.61 per share in the same quarter last year, which would suggest a positive year over year growth rate of 55.7%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $4.13 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.25. For the next fiscal year, analysts forecast that the firm will report earnings of $4.59 per share, with EPS estimates ranging from $4.45 to $4.73. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last announced its quarterly earnings data on Wednesday, May 4th. The utilities provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.93). Brookfield Infrastructure Partners had a return on equity of 3.40% and a net margin of 6.63%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up 27.1% compared to the same quarter last year.

A number of brokerages have recently commented on BIP. TD Securities boosted their price objective on Brookfield Infrastructure Partners from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, April 1st. Royal Bank of Canada upped their price target on Brookfield Infrastructure Partners from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. Zacks Investment Research downgraded Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 3rd. National Bankshares upped their price target on Brookfield Infrastructure Partners from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, May 6th. Finally, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $68.33.

Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 1.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,415 shares of the utilities provider’s stock valued at $755,000 after acquiring an additional 179 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of Brookfield Infrastructure Partners by 2.2% during the third quarter. Cetera Advisor Networks LLC now owns 9,017 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 195 shares during the last quarter. National Asset Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 5.5% during the first quarter. National Asset Management Inc. now owns 3,822 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 200 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Brookfield Infrastructure Partners by 2.0% during the third quarter. Geode Capital Management LLC now owns 10,305 shares of the utilities provider’s stock worth $578,000 after purchasing an additional 204 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its stake in shares of Brookfield Infrastructure Partners by 0.9% during the first quarter. Beacon Financial Advisory LLC now owns 24,007 shares of the utilities provider’s stock worth $1,590,000 after purchasing an additional 207 shares during the last quarter. 53.98% of the stock is owned by institutional investors and hedge funds.

Shares of Brookfield Infrastructure Partners stock traded up $0.96 on Wednesday, reaching $62.16. 3,597 shares of the company were exchanged, compared to its average volume of 279,627. Brookfield Infrastructure Partners has a 1-year low of $52.92 and a 1-year high of $69.01. The company has a market cap of $18.98 billion, a P/E ratio of 42.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.08 and a quick ratio of 0.08. The stock’s 50 day moving average price is $63.48 and its 200-day moving average price is $60.60.

Brookfield Infrastructure Partners’s stock is set to split on the morning of Monday, June 13th. The 3-2 split was announced on Wednesday, May 4th. The newly issued shares will be payable to shareholders after the closing bell on Friday, June 10th.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, May 27th. Brookfield Infrastructure Partners’s payout ratio is currently 148.97%.

About Brookfield Infrastructure Partners (Get Rating)

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 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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