Brookfield Infrastructure Partners (NYSE:BIP) Releases Earnings Results, Beats Estimates By $0.58 EPS

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) issued its quarterly earnings data on Thursday. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.58, Zacks reports. Brookfield Infrastructure Partners had a net margin of 0.03% and a return on equity of 0.02%.

Brookfield Infrastructure Partners Trading Up 2.8 %

Shares of Brookfield Infrastructure Partners stock traded up $0.92 on Thursday, reaching $33.05. 49,247 shares of the company’s stock were exchanged, compared to its average volume of 341,972. The company has a market capitalization of $15.34 billion, a P/E ratio of -86.95 and a beta of 1.07. Brookfield Infrastructure Partners has a 52 week low of $24.84 and a 52 week high of $36.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The firm’s 50-day moving average is $32.85 and its two-hundred day moving average is $32.93.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.90%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, January 24th. TD Securities upped their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Raymond James increased their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.60.

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.