Brookfield Infrastructure Partners (NYSE:BIP) Announces Quarterly Earnings Results, Beats Expectations By $0.58 EPS

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) announced its quarterly earnings results on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58, Zacks reports. Brookfield Infrastructure Partners had a net margin of 0.03% and a return on equity of 0.02%.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock traded up $0.92 during trading hours on Thursday, hitting $33.05. 49,247 shares of the company’s stock traded hands, compared to its average volume of 341,972. The company has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $32.93. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of -86.95 and a beta of 1.07. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.90%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BIP shares. TD Securities upped their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James raised their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

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.