Brookfield Infrastructure Partners LP (BIP) Scheduled to Post Quarterly Earnings on Friday
Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $768.00 million. On average, analysts expect Brookfield Infrastructure Partners to post $0.94 EPS for the current fiscal year and $2.52 EPS for the next fiscal year.
Shares of Brookfield Infrastructure Partners LP (NYSE BIP) opened at 42.38 on Friday. Brookfield Infrastructure Partners LP has a 52-week low of $30.76 and a 52-week high of $44.91. The company’s 50-day moving average is $43.01 and its 200-day moving average is $41.33. The stock has a market cap of $11.01 billion, a PE ratio of 93.14 and a beta of 1.08.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 370.22%.
BIP has been the subject of several analyst reports. BidaskClub upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a report on Friday, August 11th. TD Securities boosted their price target on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Monday, August 7th. Credit Suisse Group reiterated a “buy” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday, July 26th. Finally, BMO Capital Markets cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $49.44.
About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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