Analysts Set Expectations for TSE:BIP FY2024 Earnings

Brookfield Infrastructure Partners LP (TSE:BIP) – Equities researchers at National Bank Financial decreased their FY2024 earnings estimates for Brookfield Infrastructure Partners in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $4.25 per share for the year, down from their prior forecast of $4.34.

Separately, Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners (TSE:BIP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.35). The business had revenue of C$7.19 billion during the quarter.

Brookfield Infrastructure Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.548 dividend. This represents a $2.19 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, November 29th.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.