Brokerages expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) to announce earnings per share (EPS) of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Brookfield Infrastructure Partners’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.84. Brookfield Infrastructure Partners posted earnings per share of ($0.10) in the same quarter last year, which would suggest a positive year-over-year growth rate of 920%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, November 7th.
According to Zacks, analysts expect that Brookfield Infrastructure Partners will report full-year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.38 to $3.46. For the next year, analysts forecast that the firm will post earnings of $3.98 per share, with EPS estimates ranging from $3.90 to $4.07. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Brookfield Infrastructure Partners.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 61.4% compared to the same quarter last year.
NYSE:BIP remained flat at $$48.65 during trading hours on Tuesday. 201,632 shares of the company’s stock traded hands, compared to its average volume of 302,727. The business’s fifty day simple moving average is $48.18 and its 200 day simple moving average is $44.29. Brookfield Infrastructure Partners has a 52 week low of $32.26 and a 52 week high of $49.99. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 82.46, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.
The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.502 dividend. The ex-dividend date was Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 340.68%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC increased its stake in shares of Brookfield Infrastructure Partners by 40.0% in the second quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 300 shares during the last quarter. Coastal Investment Advisors Inc. increased its position in Brookfield Infrastructure Partners by 266.7% during the second quarter. Coastal Investment Advisors Inc. now owns 1,100 shares of the utilities provider’s stock worth $47,000 after buying an additional 800 shares during the last quarter. Glen Harbor Capital Management LLC acquired a new position in Brookfield Infrastructure Partners during the second quarter worth $54,000. Tyers Asset Management LLC acquired a new position in Brookfield Infrastructure Partners during the second quarter worth $75,000. Finally, Strategic Blueprint LLC acquired a new position in Brookfield Infrastructure Partners during the third quarter worth $95,000. 46.38% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Partners Company Profile
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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