Brookfield Infrastructure Partners (BIP) Expected to Announce Quarterly Earnings on Thursday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) is expected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.24 per share and revenue of $1,953,564.50 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $32.79 on Tuesday. The stock has a market cap of $15.22 billion, a P/E ratio of -86.28 and a beta of 1.07. Brookfield Infrastructure Partners has a 52 week low of $24.84 and a 52 week high of $36.50. 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’s 50 day moving average price is $32.96 and its 200-day moving average price is $32.90.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 4.94%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BIP shares. Raymond James upped their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Jefferies Financial Group boosted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday. Finally, TD Securities upped their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, 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.