What is Raymond James’ Forecast for TSE:BIP FY2024 Earnings?

Brookfield Infrastructure Partners LP (TSE:BIP) – Research analysts at Raymond James lowered their FY2024 earnings per share estimates for shares of Brookfield Infrastructure Partners in a research note issued to investors on Thursday, November 7th. Raymond James analyst F. Bastien now anticipates that the company will post earnings per share of $4.27 for the year, down from their previous estimate of $4.38. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.18 EPS and FY2025 earnings at $4.73 EPS.

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

Separately, Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.548 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.19 annualized dividend and a yield of ∞.

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.