Brookfield Infrastructure Partners (BIP) Set to Announce Quarterly Earnings on Wednesday

Posted by on Apr 26th, 2023

Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) is set to release its earnings data before the market opens on Wednesday, May 3rd. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.72 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last announced its earnings results on Thursday, February 2nd. The utilities provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.74). Brookfield Infrastructure Partners had a return on equity of 1.20% and a net margin of 2.09%. The firm had revenue of $3.71 billion during the quarter. On average, analysts expect Brookfield Infrastructure Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $34.52 on Wednesday. The firm’s 50-day moving average is $33.70 and its 200-day moving average is $34.30. Brookfield Infrastructure Partners has a 52-week low of $30.03 and a 52-week high of $43.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 0.80. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 252.60 and a beta of 0.89.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th were issued a dividend of $0.382 per share. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, February 27th. This represents a $1.53 annualized dividend and a dividend yield of 4.43%. Brookfield Infrastructure Partners’s payout ratio is presently 1,119.57%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIP. Clear Street Markets LLC acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $38,000. Power Corp of Canada acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth approximately $73,000. Fairfield Bush & CO. acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth approximately $81,000. Equitable Holdings Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth approximately $201,000. Finally, Advisors Capital Management LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth approximately $205,000. 57.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BIP has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of Brookfield Infrastructure Partners in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Wells Fargo & Company upped their target price on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, April 13th. Raymond James lowered their target price on shares of Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of Brookfield Infrastructure Partners in a research note on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.58.

Brookfield Infrastructure Partners Company Profile

(Get Rating)

Brookfield Infrastructure Partners LP operates as an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, and Data.

Read More

Earnings History for Brookfield Infrastructure Partners (NYSE:BIP)

Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.