Brokers Offer Predictions for TSE:BIP FY2024 Earnings

Brookfield Infrastructure Partners LP (TSE:BIP) – Investment analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $4.45 for the year, up from their previous forecast of $4.25. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ FY2026 earnings at $5.31 EPS and FY2027 earnings at $5.57 EPS.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners (TSE:BIP) last posted its earnings results on Wednesday, November 6th. The company reported C($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.35). The company had revenue of C$7.19 billion for the quarter.

Brookfield Infrastructure Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.548 dividend. This represents a $2.19 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, November 29th.

Brookfield Infrastructure Partners Company Profile

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.