Equities Analysts Set Expectations for BIP FY2024 Earnings

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities research analysts at Raymond James lowered their FY2024 earnings estimates for shares of Brookfield Infrastructure Partners in a report released on Thursday, November 7th. Raymond James analyst F. Bastien now forecasts that the utilities provider will post earnings of $3.07 per share for the year, down from their prior estimate of $3.15. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.15 per share. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $0.77 EPS, Q1 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $3.40 EPS.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group boosted their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, TD Securities lifted their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock opened at $34.21 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of -201.22 and a beta of 1.06. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50. The company’s 50-day moving average is $33.93 and its 200 day moving average is $31.12.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.74%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is -952.89%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Large investors have recently bought and sold shares of the business. Cedar Mountain Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $26,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners during the second quarter worth $31,000. Clear Point Advisors Inc. purchased a new position in Brookfield Infrastructure Partners during the first quarter worth $33,000. Park Place Capital Corp purchased a new position in Brookfield Infrastructure Partners during the second quarter worth $41,000. Finally, Asset Dedication LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at $46,000. Institutional investors own 57.92% of the company’s stock.

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.