Brookfield Infrastructure Partners (BIP) Set to Announce Earnings on Wednesday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) will be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.79 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The company had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. On average, analysts expect Brookfield Infrastructure Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brookfield Infrastructure Partners Trading Up 0.3 %

NYSE:BIP opened at $27.85 on Wednesday. The firm has a market cap of $12.85 billion, a P/E ratio of 198.94 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. The stock’s 50 day simple moving average is $29.15 and its 200-day simple moving average is $28.68. Brookfield Infrastructure Partners has a 12-month low of $21.03 and a 12-month high of $37.32.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.82%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s payout ratio is presently 1,157.23%.

Wall Street Analyst Weigh In

BIP has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. TD Securities decreased their price target on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. National Bank Financial downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 30th. Raymond James lifted their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Finally, National Bankshares downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target on the stock. in a research note on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

Brookfield Infrastructure Partners Company Profile

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 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.