Equities Analysts Issue Forecasts for BIP Q3 Earnings

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – National Bank Financial issued their Q3 2024 earnings estimates for shares of Brookfield Infrastructure Partners in a report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the utilities provider will post earnings per share of $0.50 for the quarter. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.15 per share.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $1.91 billion. Brookfield Infrastructure Partners had a return on equity of 0.51% and a net margin of 0.82%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share.

Several other research firms also recently commented on BIP. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group lifted their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.50.

Brookfield Infrastructure Partners Price Performance

BIP opened at $35.70 on Monday. Brookfield Infrastructure Partners has a 12-month low of $21.03 and a 12-month high of $36.50. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $16.56 billion, a P/E ratio of 115.16 and a beta of 1.06. The stock has a fifty day moving average of $33.55 and a 200-day moving average of $30.65.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.54%. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently bought and sold shares of BIP. Cedar Mountain Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $26,000. Bank & Trust Co bought a new position in shares of Brookfield Infrastructure Partners in the second quarter worth about $31,000. Clear Point Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter valued at approximately $33,000. Park Place Capital Corp bought a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at approximately $41,000. Finally, Asset Dedication LLC acquired a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

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.