Brookfield Infrastructure Partners L.P. (NYSE:BIP) Expected to Earn Q3 2022 Earnings of $1.01 Per Share

Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) – Analysts at Raymond James increased their Q3 2022 EPS estimates for Brookfield Infrastructure Partners in a research note issued to investors on Thursday, May 5th. Raymond James analyst F. Bastien now expects that the utilities provider will post earnings of $1.01 per share for the quarter, up from their previous forecast of $0.99. Raymond James has a “Outperform” rating and a $70.00 price objective on the stock. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2022 earnings at $1.08 EPS, FY2022 earnings at $4.00 EPS, Q1 2023 earnings at $1.08 EPS, Q2 2023 earnings at $1.05 EPS, Q3 2023 earnings at $1.11 EPS, Q4 2023 earnings at $1.20 EPS and FY2023 earnings at $4.45 EPS.

Several other analysts have also recently weighed in on the stock. National Bankshares boosted their price objective on shares of Brookfield Infrastructure Partners from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial boosted their price objective on shares of Brookfield Infrastructure Partners from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 3rd. StockNews.com began coverage on shares of Brookfield Infrastructure Partners in a research report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets upped their price target on shares of Brookfield Infrastructure Partners from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, March 31st. Finally, TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $67.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $68.33.

NYSE BIP opened at $61.22 on Monday. The firm’s fifty day moving average price is $63.49 and its two-hundred day moving average price is $60.53. The stock has a market cap of $18.69 billion, a PE ratio of 42.22 and a beta of 0.79. Brookfield Infrastructure Partners has a fifty-two week low of $52.44 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.52 and a current ratio of 0.08.

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

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prospera Financial Services Inc purchased a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at about $25,000. IFS Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $28,000. Nauset Wealth Management. LLC purchased a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at about $28,000. Finally, Versant Capital Management Inc purchased a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at about $40,000. Institutional investors own 53.98% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, May 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.53%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 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.

Further Reading

Earnings History and Estimates for Brookfield Infrastructure Partners (NYSE:BIP)

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