Analysts Set Expectations for BIP Q3 Earnings

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Stock analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Brookfield Infrastructure Partners in a research note issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny forecasts 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) (TSE:BIP.UN) last announced its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis.

Several other research firms have also weighed in on BIP. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Sunday, September 15th. Finally, Jefferies Financial Group increased their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $35.70 on Monday. The company has a market capitalization of $16.56 billion, a PE ratio of 115.16 and a beta of 1.06. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58. Brookfield Infrastructure Partners has a twelve month low of $21.03 and a twelve month high of $36.50. The firm has a fifty day simple moving average of $33.55 and a 200 day simple moving average of $30.65.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.405 per share. The ex-dividend date was Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 4.54%. Brookfield Infrastructure Partners’s dividend payout ratio is 522.58%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BIP. Cedar Mountain Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter worth $26,000. Bank & Trust Co bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter worth $31,000. Clear Point Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter worth $33,000. Park Place Capital Corp purchased a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at about $41,000. Finally, Asset Dedication LLC bought a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at about $46,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

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.