National Bank Financial Weighs in on Brookfield Infrastructure Partners L.P.’s Q3 2018 Earnings (NYSE:BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities research analysts at National Bank Financial cut their Q3 2018 EPS estimates for Brookfield Infrastructure Partners in a research report issued to clients and investors on Tuesday, October 16th, Zacks Investment Research reports. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings of $0.72 per share for the quarter, down from their prior estimate of $0.79. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q4 2018 earnings at $0.83 EPS and FY2018 earnings at $3.14 EPS.

Several other research analysts have also weighed in on the stock. ValuEngine upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Credit Suisse Group set a $46.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research note on Friday, November 2nd. Wells Fargo & Co dropped their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Finally, Citigroup set a $43.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “neutral” rating in a research note on Monday, August 27th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.27.

Shares of NYSE:BIP traded up $0.09 during mid-day trading on Thursday, hitting $40.32. The stock had a trading volume of 150,563 shares, compared to its average volume of 272,638. The company has a market cap of $11.11 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. Brookfield Infrastructure Partners has a 12-month low of $36.84 and a 12-month high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Friday, November 2nd. The utilities provider reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.82). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $795.00 million. Brookfield Infrastructure Partners had a net margin of 8.22% and a return on equity of 3.54%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.88 annualized dividend and a dividend yield of 4.66%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 124.50%.

Several institutional investors and hedge funds have recently made changes to their positions in BIP. Raymond James Trust N.A. acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $217,000. Bridges Investment Management Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth $230,000. Chicago Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth $232,000. Timber Hill LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $235,000. Finally, Community Financial Services Group LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth $288,000. Institutional investors own 47.42% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's 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 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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