Zacks: Analysts Expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) to Announce $0.83 Earnings Per Share

Wall Street brokerages expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) to post $0.83 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Brookfield Infrastructure Partners’ earnings, with estimates ranging from $0.82 to $0.84. Brookfield Infrastructure Partners reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year over year growth rate of 295.2%. The business is expected to report its next earnings report before the market opens on Friday, August 2nd.

On average, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $3.49 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.55. For the next year, analysts expect that the firm will post earnings of $3.90 per share, with EPS estimates ranging from $3.75 to $4.02. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Friday, May 3rd. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Brookfield Infrastructure Partners had a net margin of 4.24% and a return on equity of 1.71%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $954.88 million. Brookfield Infrastructure Partners’s revenue was up 57.3% on a year-over-year basis.

A number of research firms have recently commented on BIP. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Credit Suisse Group cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Thursday, April 25th. National Bank Financial boosted their target price on shares of Brookfield Infrastructure Partners from $45.50 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Raymond James reissued an “outperform” rating and set a $49.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.86.

Shares of NYSE BIP traded down $0.16 during trading on Friday, reaching $42.75. 2,072 shares of the stock were exchanged, compared to its average volume of 279,831. The business’s 50-day moving average price is $42.13. Brookfield Infrastructure Partners has a twelve month low of $32.26 and a twelve month high of $43.27. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.93. The company has a market cap of $14.89 billion, a P/E ratio of 72.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, May 30th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 340.68%.

Several large investors have recently modified their holdings of BIP. CI Investments Inc. grew its position in shares of Brookfield Infrastructure Partners by 15.8% during the fourth quarter. CI Investments Inc. now owns 2,239,042 shares of the utilities provider’s stock worth $77,314,000 after acquiring an additional 304,892 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its position in shares of Brookfield Infrastructure Partners by 23.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 137,300 shares of the utilities provider’s stock worth $4,738,000 after acquiring an additional 26,100 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of Brookfield Infrastructure Partners by 4.7% during the fourth quarter. Clearstead Advisors LLC now owns 42,495 shares of the utilities provider’s stock worth $1,467,000 after acquiring an additional 1,906 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Brookfield Infrastructure Partners by 2.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,570,886 shares of the utilities provider’s stock worth $54,416,000 after acquiring an additional 38,824 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in shares of Brookfield Infrastructure Partners by 8.3% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,378,358 shares of the utilities provider’s stock worth $47,584,000 after acquiring an additional 105,298 shares during the last quarter. 38.94% of the stock is currently owned by institutional investors.

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.

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