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

Equities research analysts expect that Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) will report $0.95 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for Brookfield Infrastructure Partners’ earnings. Brookfield Infrastructure Partners reported earnings of $0.61 per share during the same quarter last year, which would indicate 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 financial year, analysts forecast that the business will post earnings of $4.59 per share, with EPS estimates ranging from $4.45 to $4.73. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last issued 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). The business had revenue of $3.41 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Thursday, February 3rd. Royal Bank of Canada upped their price target on Brookfield Infrastructure Partners from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 5th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday. National Bankshares upped their price target on Brookfield Infrastructure Partners from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, May 6th. Finally, Raymond James set a $70.00 price target on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Buy” and a consensus target price of $68.33.

Several institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position 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 worth $755,000 after acquiring an additional 179 shares during the period. Cetera Advisor Networks LLC raised its position in shares of Brookfield Infrastructure Partners by 2.2% during the 3rd 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 position in shares of Brookfield Infrastructure Partners by 5.5% during the 1st 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 position in shares of Brookfield Infrastructure Partners by 2.0% during the 3rd 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 position in shares of Brookfield Infrastructure Partners by 0.9% during the 1st 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. Institutional investors and hedge funds own 53.98% of the company’s stock.

Shares of NYSE:BIP opened at $61.20 on Wednesday. The company has a market capitalization of $18.68 billion, a price-to-earnings ratio of 42.21 and a beta of 0.79. Brookfield Infrastructure Partners has a 52 week low of $52.92 and a 52 week high of $69.01. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $63.48 and a 200 day moving average of $60.58.

Brookfield Infrastructure Partners’s stock is scheduled to split before the market opens on Monday, June 13th. The 3-2 split was announced on Wednesday, May 4th. The newly issued shares will be distributed 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. Shareholders of record on Tuesday, May 31st will be given 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 (DPR) is currently 148.97%.

Brookfield Infrastructure Partners Company Profile (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.

Recommended Stories

Get a free copy of the Zacks research report on Brookfield Infrastructure Partners (BIP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.