Brookfield Infrastructure Partners (NYSE:BIP) Issues Quarterly Earnings Results

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

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock traded up $1.03 during trading hours on Thursday, hitting $33.16. The company had a trading volume of 51,313 shares, compared to its average volume of 342,652. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month 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 fifty day moving average is $32.85 and its 200 day moving average is $32.93. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of -87.20 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BIP. Raymond James increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a report on Thursday. TD Securities increased their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded 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 given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.