$0.84 EPS Expected for Brookfield Infrastructure Partners L.P. (NYSE:BIP) This Quarter

Brokerages expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) to announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Brookfield Infrastructure Partners’ earnings. The lowest EPS estimate is $0.82 and the highest is $0.85. Brookfield Infrastructure Partners posted earnings of ($0.10) per share in the same quarter last year, which suggests a positive year over year growth rate of 940%. The business is expected to issue its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Brookfield Infrastructure Partners will report full-year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.38 to $3.48. For the next fiscal year, analysts forecast that the firm will post earnings of $3.98 per share, with EPS estimates ranging from $3.90 to $4.07. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.02. Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 61.4% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. Bank of America raised their target price on Brookfield Infrastructure Partners from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. National Bank Financial restated an “outperform” rating and issued a $50.00 target price on shares of Brookfield Infrastructure Partners in a research note on Thursday, July 18th. Barclays restated a “hold” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, August 2nd. Industrial Alliance Securities raised their target price on Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, TD Securities raised their target price on Brookfield Infrastructure Partners from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.41.

Institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. boosted its holdings in Brookfield Infrastructure Partners by 3.4% during the first quarter. Stratos Wealth Partners LTD. now owns 7,601 shares of the utilities provider’s stock worth $318,000 after buying an additional 250 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in Brookfield Infrastructure Partners by 10.3% during the second quarter. Hudock Capital Group LLC now owns 2,811 shares of the utilities provider’s stock worth $120,000 after buying an additional 262 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Brookfield Infrastructure Partners by 2.4% during the second quarter. Rockefeller Capital Management L.P. now owns 11,430 shares of the utilities provider’s stock worth $491,000 after buying an additional 270 shares during the last quarter. Gradient Investments LLC boosted its holdings in Brookfield Infrastructure Partners by 40.0% during the second quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock worth $45,000 after buying an additional 300 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Brookfield Infrastructure Partners by 7.6% during the second quarter. US Bancorp DE now owns 4,262 shares of the utilities provider’s stock worth $183,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 48.23% of the company’s stock.

Shares of NYSE:BIP traded up $0.24 during midday trading on Thursday, reaching $44.45. The company’s stock had a trading volume of 343,603 shares, compared to its average volume of 308,705. Brookfield Infrastructure Partners has a fifty-two week low of $32.26 and a fifty-two week high of $44.81. The company has a market capitalization of $12.39 billion, a P/E ratio of 75.34, a P/E/G ratio of 0.92 and a beta of 0.90. The stock’s fifty day simple moving average is $43.82.

The company also recently declared a dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.502 dividend. The ex-dividend date is Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is 340.68%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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Earnings History and Estimates for Brookfield Infrastructure Partners (NYSE:BIP)

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