National Bank Financial Weighs in on Brookfield Infrastructure Partners L.P.’s FY2020 Earnings (BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Research analysts at National Bank Financial issued their FY2020 EPS estimates for Brookfield Infrastructure Partners in a note issued to investors on Wednesday, February 6th. National Bank Financial analyst R. Merer forecasts that the utilities provider will post earnings of $3.82 per share for the year.

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

BIP has been the subject of several other reports. Credit Suisse Group set a $46.00 target price on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Wells Fargo & Co decreased their target price on shares of Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Citigroup decreased their target price on shares of Brookfield Infrastructure Partners from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, November 29th. Finally, Raymond James reissued an “outperform” rating and issued a $49.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.72.

BIP stock opened at $39.75 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 67.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03. Brookfield Infrastructure Partners has a 12 month low of $32.26 and a 12 month high of $42.31.

Several hedge funds and other institutional investors have recently bought and sold shares of BIP. Laurel Wealth Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $31,000. Csenge Advisory Group acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at $45,000. AlphaMark Advisors LLC raised its stake in Brookfield Infrastructure Partners by 88.9% during the 4th quarter. AlphaMark Advisors LLC now owns 2,125 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Brookfield Infrastructure Partners by 307.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,903 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 2,190 shares during the last quarter. Finally, New South Capital Management Inc. acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at $206,000. 47.25% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be issued a dividend of $0.502 per share. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. This represents a $2.01 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Wednesday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 318.64%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's 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 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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