Raymond James Issues Positive Estimate for TSE:BIP Earnings

Brookfield Infrastructure Partners LP (TSE:BIP) – Analysts at Raymond James raised their FY2024 earnings per share estimates for Brookfield Infrastructure Partners in a report released on Tuesday, January 21st. Raymond James analyst F. Bastien now expects that the company will post earnings per share of $4.42 for the year, up from their previous estimate of $4.27. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $1.11 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $4.90 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 (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.35). The business had revenue of C$7.19 billion during the quarter.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.548 per share. 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.