Brookfield Infrastructure Partners L.P (NYSE: BIP) closed the day trading at $27.64 down -3.02% from the previous closing price of $28.50. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 1095869 shares were traded. BIP stock price reached its highest trading level at $28.06 during the session, while it also had its lowest trading level at $27.45.
Ratios:
For a better understanding of BIP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.35. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 7.34 whereas as Long-Term Debt/Eq ratio is at 7.34.
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 12.82B and an Enterprise Value of 56.78B. As of this moment, Brookfield’s Price-to-Earnings (P/E) ratio for their current fiscal year is 185.75, and their Forward P/E ratio for the next fiscal year is 23.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 3.17 whereas that against EBITDA is 7.81.
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 30.91, while the 200-Day Moving Average is calculated to be 31.31.
Shares Statistics:
Over the past 3-months, BIP traded about 557.48K shares per day on average, while over the past 10 days, BIP traded about 727.88k shares per day. A total of 462.13M shares are outstanding, with a floating share count of 459.51M. Insiders hold about 0.57% of the company’s shares, while institutions hold 59.39% stake in the company. Shares short for BIP as of Feb 15, 2024 were 1.75M with a Short Ratio of 3.15, compared to 2.49M on Jan 12, 2024.
Dividends & Splits
BIP’s forward annual dividend rate is 1.55, up from 1.53 a year ago. Against a Trailing Annual Dividend Yield of 5.45%, it implies a Forward Annual Dividend Yield of 5.68%. The stock’s 5-year Average Dividend Yield is 4.19. The current Payout Ratio is 689.19% 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
Current recommendations for the stock of the company come from 3 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.
