After finishing at $27.68 in the prior trading day, Brookfield Infrastructure Partners L.P (NYSE: BIP) closed at $27.25, down -1.55%. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 645882 shares were traded.
Ratios:
Our goal is to gain a better understanding of BIP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.99. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 7.93 whereas as Long-Term Debt/Eq ratio is at 6.90.
National Bank Financial Upgraded its Sector Perform to Outperform on October 18, 2023, while the target price for the stock was maintained at $33.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIP now has a Market Capitalization of 12.69B and an Enterprise Value of 59.83B. As of this moment, Brookfield’s Price-to-Earnings (P/E) ratio for their current fiscal year is 187.93, and their Forward P/E ratio for the next fiscal year is 22.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 3.34 whereas that against EBITDA is 8.52.
Stock Price History:
Over the past 52 weeks, BIP has reached a high of $37.32, while it has fallen to a 52-week low of $21.03. The 50-Day Moving Average of the stock is 29.89, while the 200-Day Moving Average is calculated to be 30.22.
Shares Statistics:
The stock has traded on average 520.19K shares per day over the past 3-months and 546.59k shares per day over the last 10 days, according to various share statistics. A total of 461.34M shares are outstanding, with a floating share count of 459.51M. Insiders hold about 0.57% of the company’s shares, while institutions hold 59.03% stake in the company. Shares short for BIP as of Mar 28, 2024 were 1.43M with a Short Ratio of 2.75, compared to 1.72M on Feb 29, 2024.
Dividends & Splits
In the trailing 12 months, BIP’s forward annual dividend rate was 1.53, compared to 1.55 this year. Against a Trailing Annual Dividend Yield of 5.53%, it implies a Forward Annual Dividend Yield of 5.94%. The stock’s 5-year Average Dividend Yield is 4.21. The current Payout Ratio is 1278.20% for BIP, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Feb 28, 2024. Stock splits for the company last occurred on Mar 31, 2020 when the company split stock in a 112:100 ratio.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.08, while EPS last year was -$0.07. The consensus estimate for the next quarter is $0.21, with high estimates of $0.35 and low estimates of $0.11.
Analysts are recommending an EPS of between $1.41 and $0.52 for the fiscal current year, implying an average EPS of $0.83. EPS for the following year is $1.2, with 4 analysts recommending between $1.56 and $1.05.
Revenue Estimates
1 analysts predict $1.81B in revenue for the current quarter. It ranges from a high estimate of $1.81B to a low estimate of $1.81B. As of the current estimate, Brookfield Infrastructure Partners L.P’s year-ago sales were $4.22B, an estimated decrease of -57.10% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for BIP’s current fiscal year. The highest revenue estimate was $8.43B, while the lowest revenue estimate was $7.53B, resulting in an average revenue estimate of $7.98B. In the same quarter a year ago, actual revenue was $17.93B, down -55.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $8.7B in the next fiscal year. The high estimate is $9.07B and the low estimate is $8.33B. The average revenue growth estimate for next year is up 8.90% from the average revenue estimate for this year.
