Brookfield Infrastructure Partners (BIP) Expected to Announce Quarterly Earnings on Thursday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $1,953,564.50 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock opened at $32.37 on Thursday. The business’s 50-day moving average price is $32.99 and its 200-day moving average price is $32.80. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of -85.18 and a beta of 1.07.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Analyst Ratings Changes

BIP has been the topic of a number of recent research reports. Raymond James lifted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Jefferies Financial Group upped their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. TD Securities raised their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

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.