Brookfield Infrastructure Partners L.P. to Post Q2 2024 Earnings of $0.55 Per Share, National Bank Financial Forecasts (NYSE:BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a note issued to investors on Wednesday, July 24th. National Bank Financial analyst P. Kenny expects that the utilities provider will earn $0.55 per share for the quarter. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.23 per share.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. The company had revenue of $5.19 billion during the quarter.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets dropped their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Jefferies Financial Group dropped their target price on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, StockNews.com cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.20.

Brookfield Infrastructure Partners Trading Up 1.4 %

Shares of BIP opened at $31.29 on Monday. Brookfield Infrastructure Partners has a 1 year low of $21.03 and a 1 year high of $35.95. The stock has a 50 day simple moving average of $29.09 and a 200-day simple moving average of $29.44. The stock has a market cap of $14.51 billion, a PE ratio of 100.94 and a beta of 1.04.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $30,000. Heritage Wealth Advisors bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $31,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at $31,000. Clear Point Advisors Inc. bought a new position in Brookfield Infrastructure Partners in the 1st quarter valued at $33,000. Finally, Bromfield Sneider Wealth Advisors bought a new position in Brookfield Infrastructure Partners in the 1st quarter valued at $39,000. 57.92% of the stock is currently owned by institutional investors.

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.