National Bank Financial Weighs in on TSE:BIP FY2024 Earnings

Brookfield Infrastructure Partners LP (TSE:BIP) – Research analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of Brookfield Infrastructure Partners in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will earn $4.45 per share for the year, up from their previous estimate 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 (TSE:BIP) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.35). The firm had revenue of C$7.19 billion for the quarter.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners Cuts Dividend

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

About Brookfield Infrastructure Partners

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.