What is Raymond James’ Forecast for TSE:BIP FY2024 Earnings?

Brookfield Infrastructure Partners LP (TSE:BIP) – Research analysts at Raymond James decreased their FY2024 earnings per share estimates for shares of Brookfield Infrastructure Partners in a research report issued on Thursday, November 7th. Raymond James analyst F. Bastien now expects that the company will earn $4.27 per share for the year, down from their previous estimate of $4.38. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.18 EPS and FY2025 earnings at $4.73 EPS.

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

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners (TSE:BIP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate 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 business 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 dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, November 29th.

About Brookfield Infrastructure Partners

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.