Brookfield Infrastructure Partners (BIP) Set to Announce Quarterly Earnings on Wednesday

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN will announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.99). The company had revenue of $4.97 billion for the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. On average, analysts expect Brookfield Infrastructure Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brookfield Infrastructure Partners Price Performance

BIP stock traded down $0.14 during trading on Wednesday, reaching $27.72. 516,300 shares of the company were exchanged, compared to its average volume of 519,156. The company has a market cap of $12.79 billion, a P/E ratio of 198.09 and a beta of 0.95. Brookfield Infrastructure Partners has a 52-week low of $21.03 and a 52-week high of $37.32. The stock's 50 day moving average price is $29.15 and its 200 day moving average price is $28.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.64 and a current ratio of 0.68.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Wednesday, February 28th. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. Brookfield Infrastructure Partners's payout ratio is currently 1,157.23%.

Analysts Set New Price Targets

BIP has been the subject of several research analyst reports. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. National Bankshares downgraded shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 price objective for the company. in a research note on Tuesday, January 30th. National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, January 30th. BMO Capital Markets upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group decreased their target price on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.60.

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.