Brookfield Infrastructure Partners (NYSE:BIP) Issues Earnings Results

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) announced its quarterly earnings data on Thursday. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 opened at $32.78 on Friday. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of -86.26 and a beta of 1.07. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm’s fifty day simple moving average is $32.79 and its 200-day simple moving average is $32.95. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 5.25%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is -426.32%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BIP shares. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday. TD Securities increased their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Raymond James boosted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $42.20.

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.