Brookfield Infrastructure Partners (NYSE:BIP) Releases Earnings Results, Beats Estimates By $0.58 EPS

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) released its quarterly earnings results on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate 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 Trading Up 3.2 %

Shares of NYSE:BIP traded up $1.03 during mid-day trading on Thursday, reaching $33.16. The stock had a trading volume of 51,313 shares, compared to its average volume of 342,652. The firm has a 50 day simple moving average of $32.85 and a two-hundred day simple moving average of $32.93. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50. The firm has a market cap of $15.39 billion, a PE ratio of -87.20 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.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.88%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Analyst Upgrades and Downgrades

BIP has been the subject of several research reports. TD Securities lifted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Finally, Raymond James upped their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.60.

About Brookfield Infrastructure Partners

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.