Raymond James Brokers Raise Earnings Estimates for Brookfield Infrastructure Partners LP (TSE:BIP)

Brookfield Infrastructure Partners LP (TSE:BIP) – Analysts at Raymond James upped their Q3 2024 EPS estimates for shares of Brookfield Infrastructure Partners in a report released on Wednesday, May 1st. Raymond James analyst F. Bastien now expects that the company will earn $1.15 per share for the quarter, up from their previous estimate of $1.11. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $1.19 EPS.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners (TSE:BIP) last posted its quarterly earnings data on Thursday, February 1st. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C$1.09 by C($1.36). The company had revenue of C$6.77 billion for the quarter.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.548 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.53. This represents a $2.19 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, May 31st.

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.