Brookfield Infrastructure Partners (BIP) Scheduled to Post Quarterly Earnings on Wednesday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) will be posting its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.80 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners (NYSE:BIP) (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 analysts’ consensus estimates 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 firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Brookfield Infrastructure Partners’s revenue was up 20.7% compared to the same quarter last year. 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 Price Performance

Shares of Brookfield Infrastructure Partners stock opened at $34.11 on Monday. The business’s fifty day moving average price is $33.81 and its 200 day moving average price is $30.97. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50. The stock has a market capitalization of $15.82 billion, a P/E ratio of -200.64 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BIP shares. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group raised their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

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.