Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) announced its earnings results on Thursday. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80), Zacks reports. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.50%. Brookfield Infrastructure Partners’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS.
Brookfield Infrastructure Partners Stock Down 2.2 %
Shares of NYSE BIP traded down $0.69 during trading on Friday, reaching $30.35. The company had a trading volume of 418,492 shares, compared to its average volume of 437,148. Brookfield Infrastructure Partners has a 12-month low of $21.03 and a 12-month high of $33.52. The stock has a market cap of $14.08 billion, a PE ratio of 97.90 and a beta of 1.03. The business’s 50-day moving average is $29.16 and its 200 day moving average is $29.46.
Brookfield Infrastructure Partners Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 5.34%. Brookfield Infrastructure Partners’s payout ratio is 522.58%.
Analysts Set New Price Targets
View Our Latest Research Report on Brookfield Infrastructure Partners
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.
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