Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) issued its quarterly 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 company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Brookfield Infrastructure Partners had a return on equity of 0.50% and a net margin of 0.82%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS.
Brookfield Infrastructure Partners Stock Down 2.2 %
NYSE BIP traded down $0.69 during trading on Friday, hitting $30.35. 418,492 shares of the stock traded hands, compared to its average volume of 437,148. The company has a market capitalization of $14.08 billion, a P/E ratio of 97.90 and a beta of 1.03. The firm has a 50-day simple moving average of $29.16 and a 200-day simple moving average of $29.46. Brookfield Infrastructure Partners has a 12-month low of $21.03 and a 12-month high of $33.52.
Brookfield Infrastructure Partners Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 5.34%. The ex-dividend date is Friday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 522.58%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Brookfield Infrastructure Partners
About Brookfield Infrastructure Partners
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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