Brookfield Infrastructure Partners (BIP) to Release Earnings on Thursday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $1.95 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners Trading Down 0.5 %

Shares of NYSE BIP opened at $32.62 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The business has a fifty day simple moving average of $32.90 and a two-hundred day simple moving average of $32.93. The firm has a market cap of $15.14 billion, a PE ratio of -85.84 and a beta of 1.07. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BIP. Raymond James boosted their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. TD Securities boosted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.