Brookfield Infrastructure (TSE:BIPC) Releases Earnings Results

Brookfield Infrastructure (TSE:BIPC) announced its quarterly earnings results on Wednesday. The company reported C$7.59 EPS for the quarter, FiscalAI reports. Brookfield Infrastructure had a positive return on equity of 21.39% and a negative net margin of 6.67%.The company had revenue of C$1.23 billion during the quarter.

Brookfield Infrastructure Price Performance

Shares of BIPC traded down C$5.58 during trading hours on Wednesday, reaching C$48.90. The stock had a trading volume of 475,455 shares, compared to its average volume of 228,135. Brookfield Infrastructure has a 12 month low of C$46.74 and a 12 month high of C$70.05. The stock has a market capitalization of C$5.99 billion, a PE ratio of -24.34 and a beta of 1.97. The company has a debt-to-equity ratio of -1,023.34, a quick ratio of 0.24 and a current ratio of 0.26. The company’s 50-day moving average is C$59.56 and its two-hundred day moving average is C$62.26.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.