Brookfield Infrastructure Partners (BIP) Projected to Post Quarterly Earnings on Thursday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.24 per share and revenue of $1.95 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners Trading Down 0.5 %

Shares of Brookfield Infrastructure Partners stock opened at $32.62 on Wednesday. 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. The firm has a market cap of $15.14 billion, a PE ratio of -85.84 and a beta of 1.07. The company has a 50 day simple moving average of $32.90 and a two-hundred day simple moving average of $32.93.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.405 per share. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.97%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BIP shares. TD Securities raised their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Raymond James lifted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

About Brookfield Infrastructure Partners

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.