Brookfield Infrastructure Partners (BIP) Scheduled to Post Earnings on Wednesday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) is set to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.79 per share for the quarter. Parties interested in participating in 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) earnings per share 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 company had revenue of $4.97 billion during 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 Price Performance

NYSE:BIP opened at $27.05 on Tuesday. The stock has a 50 day moving average of $28.82 and a two-hundred day moving average of $28.65. Brookfield Infrastructure Partners has a 12 month low of $21.03 and a 12 month high of $37.32. The firm has a market cap of $12.48 billion, a P/E ratio of 193.21 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.405 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 1,157.14%.

Analyst Upgrades and Downgrades

BIP has been the subject of a number of research reports. National Bank Financial lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. Raymond James increased their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Jefferies Financial Group reduced their price target on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective for the company. in a report on Tuesday, January 30th. Finally, BMO Capital Markets lifted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and a consensus target price 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.