Brookfield Infrastructure Partners (NYSE:BIP) Posts Quarterly Earnings Results, Beats Expectations By $0.58 EPS

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN announced its quarterly earnings data on Thursday. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.58, Zacks reports. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP traded down $0.79 on Friday, hitting $32.78. The company had a trading volume of 268,717 shares, compared to its average volume of 356,116. 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 company has a market cap of $15.21 billion, a PE ratio of -86.26 and a beta of 1.07. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50. The business has a 50 day moving average of $32.79 and a 200 day moving average of $32.95.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.25%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is -426.32%.

Analysts Set New Price Targets

Several brokerages have commented on BIP. TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada reissued an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday. StockNews.com lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Finally, Raymond James lifted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of "Buy" and a consensus price target of $42.20.

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.