Brookfield Infrastructure Partners (NYSE:BIP) Posts Quarterly Earnings Results, Beats Expectations By $0.58 EPS

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) issued its earnings results on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 Stock Performance

NYSE BIP opened at $33.16 on Friday. The company has a fifty day moving average of $32.83 and a two-hundred day moving average of $32.93. The company has a market capitalization of $15.39 billion, a PE ratio of -87.25 and a beta of 1.07. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.405 per share. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 4.89%. Brookfield Infrastructure Partners’s dividend payout ratio is currently -426.32%.

Analysts Set New Price Targets

BIP has been the topic of a number of recent research reports. Raymond James boosted their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Thursday. StockNews.com cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Finally, TD Securities boosted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $42.75.

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.