share_log

Brookfield Infrastructure Partners LP (TSE:BIP) Expected to Earn Q1 2023 Earnings of $0.96 Per Share

Defense World ·  Feb 6, 2023 14:42

Brookfield Infrastructure Partners LP (TSE:BIP – Get Rating) – Analysts at Raymond James reduced their Q1 2023 EPS estimates for Brookfield Infrastructure Partners in a note issued to investors on Friday, February 3rd. Raymond James analyst F. Bastien now anticipates that the company will post earnings of $0.96 per share for the quarter, down from their previous estimate of $0.99. Raymond James also issued estimates for Brookfield Infrastructure Partners' Q2 2023 earnings at $0.98 EPS, Q3 2023 earnings at $1.02 EPS, Q4 2023 earnings at $1.06 EPS, FY2023 earnings at $4.02 EPS, Q1 2024 earnings at $1.05 EPS, Q2 2024 earnings at $1.06 EPS, Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.15 EPS and FY2024 earnings at $4.36 EPS.

Get Brookfield Infrastructure Partners alerts:

Separately, National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an "outperfrom under weight" rating to a "sector perform market weight" rating in a research note on Thursday, November 3rd.

Brookfield Infrastructure Partners Price Performance

Insider Buying and Selling

In other news, Director Sam Jb Pollock acquired 6,000 shares of the business's stock in a transaction on Thursday, December 22nd. The stock was bought at an average price of C$42.54 per share, with a total value of C$255,240.00. Following the completion of the acquisition, the director now owns 41,390 shares of the company's stock, valued at C$1,760,730.60. In other news, Director Sam Jb Pollock acquired 6,000 shares of the business's stock in a transaction on Thursday, December 22nd. The stock was bought at an average price of C$42.54 per share, with a total value of C$255,240.00. Following the completion of the acquisition, the director now owns 41,390 shares of the company's stock, valued at C$1,760,730.60. Also, Director John Patrick Mullen acquired 6,740 shares of the business's stock in a transaction on Wednesday, November 30th. The stock was purchased at an average cost of C$50.32 per share, with a total value of C$339,185.24. Following the acquisition, the director now directly owns 6,740 shares of the company's stock, valued at approximately C$339,185.24.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be issued a dividend of $0.519 per share. This represents a $2.08 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, February 27th. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.50.

About Brookfield Infrastructure Partners

(Get Rating)

Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.

Further Reading

  • MarketBeat Week in Review – 1/30 – 2/3
  • Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
  • Zimmer Biomet Beats on Earnings, Growth May be Priced In
  • AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
  • Ford Stock Going Forward After Big Earnings Flop

Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment