Raymond James Has Optimistic View of TSE:BIP FY2024 Earnings

Brookfield Infrastructure Partners LP (TSE:BIP) – Analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a report released on Tuesday, January 21st. Raymond James analyst F. Bastien now anticipates that the company will post earnings per share of $4.42 for the year, up from their previous forecast of $4.27. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $1.11 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $4.90 EPS.

Brookfield Infrastructure Partners (TSE:BIP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate of C$1.10 by C($1.35). The firm had revenue of C$7.19 billion for the quarter.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.548 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.19 dividend on an annualized basis and a dividend yield of ∞.

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.