Research Analysts Issue Forecasts for BIP Q3 Earnings

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN - Equities researchers at National Bank Financial issued their Q3 2024 earnings estimates for shares of Brookfield Infrastructure Partners in a research note issued to investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny anticipates that the utilities provider will post earnings of $0.50 per share for the quarter. The consensus estimate for Brookfield Infrastructure Partners' current full-year earnings is $3.15 per share.

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

Several other analysts have also weighed in on the company. Jefferies Financial Group upped their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a report on Monday, September 30th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Sunday, September 15th. Finally, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.50.

Brookfield Infrastructure Partners Price Performance

Shares of BIP traded down $0.24 on Monday, reaching $35.46. The stock had a trading volume of 293,804 shares, compared to its average volume of 435,475. The firm has a 50-day moving average of $33.55 and a 200 day moving average of $30.65. The firm has a market capitalization of $16.45 billion, a PE ratio of 114.52 and a beta of 1.06. Brookfield Infrastructure Partners has a twelve month low of $21.03 and a twelve 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.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter worth about $26,000. Bank & Trust Co purchased a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth about $31,000. Clear Point Advisors Inc. purchased a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $33,000. Park Place Capital Corp purchased a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $41,000. Finally, Asset Dedication LLC acquired a new position in Brookfield Infrastructure Partners during the second quarter worth approximately $46,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure Partners's payout ratio is 522.58%.

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.