TSE:BIP FY2024 EPS Reduced by National Bank Financial

Brookfield Infrastructure Partners LP (TSE:BIP) – Research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $4.25 per share for the year, down from their prior estimate of $4.34.

Separately, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners (TSE:BIP) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.25) EPS for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.35). The business had revenue of C$7.19 billion for the quarter.

Brookfield Infrastructure Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, November 29th.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.