TSE:BIP FY2024 EPS Reduced by National Bank Financial

Brookfield Infrastructure Partners LP (TSE:BIP) – National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a research note issued on Wednesday, November 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $4.25 per share for the year, down from their previous estimate of $4.34.

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

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners (TSE:BIP) last announced its quarterly earnings results 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 firm had revenue of C$7.19 billion during the quarter.

Brookfield Infrastructure Partners Cuts Dividend

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

Brookfield Infrastructure Partners Company Profile

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.