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

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The firm had revenue of $4.97 billion for the quarter. 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 Stock Up 0.3 %

Shares of NYSE BIP opened at $27.85 on Wednesday. Brookfield Infrastructure Partners has a one year low of $21.03 and a one year high of $37.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.64. The business’s fifty day moving average price is $29.15 and its 200-day moving average price is $28.68. The stock has a market capitalization of $12.85 billion, a PE ratio of 198.94 and a beta of 0.95.

Brookfield Infrastructure Partners Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on BIP shares. National Bank Financial cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. National Bankshares lowered Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 target price on the stock. in a research note on Tuesday, January 30th. BMO Capital Markets upped their target price on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Raymond James upped their target price on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Jefferies Financial Group decreased their target price on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Three investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

About Brookfield Infrastructure Partners

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.