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

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN is expected to be releasing its earnings data 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 registering for the company's conference call can do so using this link.

Brookfield Infrastructure Partners Trading Up 3.9 %

NYSE:BIP traded up $1.27 during mid-day trading on Thursday, hitting $33.60. The company had a trading volume of 391,420 shares, compared to its average volume of 328,804. The firm has a market cap of $15.59 billion, a P/E ratio of -88.59 and a beta of 1.07. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The business's fifty day moving average is $32.99 and its two-hundred day moving average is $32.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.82%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners's payout ratio is presently -426.32%.

Analysts Set New Price Targets

Several brokerages recently commented on BIP. Raymond James raised their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. TD Securities boosted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lifted their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of "Moderate Buy" and an average 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.