Wall Street brokerages predict that Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) will post earnings of $0.84 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Brookfield Infrastructure Partners’ earnings, with estimates ranging from $0.83 to $0.85. Brookfield Infrastructure Partners reported earnings of $0.42 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The firm is expected to issue its next earnings results before the market opens on Friday, May 3rd.

According to Zacks, analysts expect that Brookfield Infrastructure Partners will report full year earnings of $3.47 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.50. For the next fiscal year, analysts expect that the firm will post earnings of $3.86 per share, with EPS estimates ranging from $3.75 to $4.02. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Wednesday, February 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $870.84 million. Brookfield Infrastructure Partners had a return on equity of 2.82% and a net margin of 7.46%. The company’s revenue was up 45.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Raymond James reiterated an “outperform” rating and set a $49.00 target price on shares of Brookfield Infrastructure Partners in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.56.

BIP stock traded down $0.24 during trading hours on Tuesday, reaching $41.35. 310,175 shares of the stock were exchanged, compared to its average volume of 221,292. The stock has a market cap of $14.29 billion, a PE ratio of 70.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.05. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.03. Brookfield Infrastructure Partners has a 12 month low of $32.26 and a 12 month high of $42.54.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.502 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.86%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.

Institutional investors have recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $31,000. Csenge Advisory Group acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $45,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at about $53,000. Bronfman E.L. Rothschild L.P. lifted its stake in Brookfield Infrastructure Partners by 51.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 700 shares during the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $72,000. Institutional investors own 38.11% of the company’s stock.

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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