Equities analysts expect Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) to report earnings of $0.84 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Brookfield Infrastructure Partners’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.82. Brookfield Infrastructure Partners reported earnings of ($0.10) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 940%. The firm is scheduled to issue its next earnings results on Friday, November 1st.
According to Zacks, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.38 to $3.48. For the next fiscal year, analysts anticipate that the business will post earnings of $3.98 per share, with EPS estimates ranging from $3.90 to $4.07. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Brookfield Infrastructure Partners.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.01 billion. Brookfield Infrastructure Partners had a net margin of 3.32% and a return on equity of 1.40%. Brookfield Infrastructure Partners’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS.
Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of Brookfield Infrastructure Partners by 6.5% in the 2nd quarter. Bank of Montreal Can now owns 18,008,806 shares of the utilities provider’s stock valued at $773,298,000 after acquiring an additional 1,097,680 shares during the last quarter. Toronto Dominion Bank raised its position in Brookfield Infrastructure Partners by 17.2% in the 1st quarter. Toronto Dominion Bank now owns 5,535,550 shares of the utilities provider’s stock worth $231,162,000 after purchasing an additional 814,234 shares during the period. The Manufacturers Life Insurance Company raised its position in Brookfield Infrastructure Partners by 9.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,603,499 shares of the utilities provider’s stock worth $192,749,000 after purchasing an additional 413,425 shares during the period. CIBC World Markets Inc. raised its position in Brookfield Infrastructure Partners by 89.3% in the 1st quarter. CIBC World Markets Inc. now owns 3,943,658 shares of the utilities provider’s stock worth $165,121,000 after purchasing an additional 1,860,702 shares during the period. Finally, CIBC Asset Management Inc raised its position in Brookfield Infrastructure Partners by 21.0% in the 2nd quarter. CIBC Asset Management Inc now owns 3,183,721 shares of the utilities provider’s stock worth $136,458,000 after purchasing an additional 551,748 shares during the period. 48.23% of the stock is owned by hedge funds and other institutional investors.
Brookfield Infrastructure Partners stock traded up $0.24 during mid-day trading on Thursday, hitting $44.45. The stock had a trading volume of 343,603 shares, compared to its average volume of 308,705. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 75.34, a P/E/G ratio of 0.92 and a beta of 0.90. The company has a 50 day moving average of $43.82. Brookfield Infrastructure Partners has a one year low of $32.26 and a one year high of $44.81.
The firm also recently declared a dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.502 dividend. The ex-dividend date is Thursday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 340.68%.
About Brookfield Infrastructure Partners
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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