Zacks: Analysts Expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) to Post $0.73 Earnings Per Share

Equities research analysts expect that Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) will announce $0.73 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Brookfield Infrastructure Partners’ earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.73. Brookfield Infrastructure Partners posted earnings per share of $0.07 during the same quarter last year, which would indicate a positive year-over-year growth rate of 942.9%. The business is scheduled to issue its next earnings results on Thursday, November 5th.

On average, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $3.01 per share for the current year, with EPS estimates ranging from $2.96 to $3.05. For the next financial year, analysts expect that the firm will post earnings of $3.33 per share, with EPS estimates ranging from $3.22 to $3.44. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.91). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $936.95 million. Brookfield Infrastructure Partners had a net margin of 2.25% and a return on equity of 0.93%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS.

A number of equities analysts have recently weighed in on BIP shares. Bank of America boosted their price objective on shares of Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Friday. Raymond James set a $50.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Thursday, August 6th. Royal Bank of Canada restated a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Thursday, July 30th. BMO Capital Markets boosted their target price on shares of Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average target price of $50.55.

Shares of NYSE:BIP traded down $0.33 during trading on Tuesday, reaching $47.44. The stock had a trading volume of 8,322 shares, compared to its average volume of 439,211. The business has a fifty day moving average price of $45.48 and a 200-day moving average price of $41.41. The stock has a market cap of $14.02 billion, a P/E ratio of -593.80 and a beta of 0.89. Brookfield Infrastructure Partners has a fifty-two week low of $25.77 and a fifty-two week high of $56.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.94 annualized dividend and a yield of 4.09%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 2,771.43%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its stake in shares of Brookfield Infrastructure Partners by 1.8% in the second quarter. Stifel Financial Corp now owns 14,938 shares of the utilities provider’s stock valued at $614,000 after purchasing an additional 264 shares during the period. Sigma Planning Corp boosted its stake in shares of Brookfield Infrastructure Partners by 1.7% in the second quarter. Sigma Planning Corp now owns 17,268 shares of the utilities provider’s stock valued at $710,000 after purchasing an additional 283 shares during the period. Leelyn Smith LLC boosted its stake in shares of Brookfield Infrastructure Partners by 15.1% in the second quarter. Leelyn Smith LLC now owns 2,210 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 290 shares during the period. Lucas Capital Management boosted its stake in shares of Brookfield Infrastructure Partners by 0.6% in the second quarter. Lucas Capital Management now owns 49,707 shares of the utilities provider’s stock valued at $2,043,000 after purchasing an additional 298 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in shares of Brookfield Infrastructure Partners by 5.2% in the first quarter. Cetera Advisor Networks LLC now owns 6,384 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 313 shares during the period. Institutional investors own 49.84% of the company’s stock.

About Brookfield Infrastructure Partners

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.

Featured Story: Intrinsic Value and Stock Selection

Get a free copy of the Zacks research report on Brookfield Infrastructure Partners (BIP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.