BBU Q4 EPS Forecast Raised by National Bank Financial

Brookfield Business Partners L.P. (NYSE:BBU) – Analysts at National Bank Financial raised their Q4 2024 earnings estimates for Brookfield Business Partners in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the business services provider will post earnings per share of $1.01 for the quarter, up from their previous estimate of $0.99. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $4.52 per share.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings results on Friday, August 2nd. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.95). Brookfield Business Partners had a return on equity of 21.76% and a net margin of 7.34%. The firm had revenue of $11.95 billion for the quarter. During the same period in the prior year, the company earned $0.85 EPS.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Brookfield Business Partners in a research report on Monday, August 5th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $31.40.

Brookfield Business Partners Stock Performance

Shares of Brookfield Business Partners stock opened at $22.49 on Friday. The firm has a market cap of $1.67 billion, a PE ratio of 3.45 and a beta of 1.45. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 2.24. Brookfield Business Partners has a 52 week low of $13.00 and a 52 week high of $24.96. The business’s fifty day simple moving average is $22.16 and its 200-day simple moving average is $20.29.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Intact Investment Management Inc. purchased a new position in Brookfield Business Partners in the 3rd quarter valued at approximately $45,000. Bank of New York Mellon Corp purchased a new position in Brookfield Business Partners in the second quarter valued at $307,000. Gold Investment Management Ltd. boosted its holdings in Brookfield Business Partners by 7.4% in the third quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider’s stock valued at $739,000 after purchasing an additional 2,169 shares during the period. The Manufacturers Life Insurance Company grew its stake in Brookfield Business Partners by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider’s stock worth $770,000 after purchasing an additional 608 shares in the last quarter. Finally, AYAL Capital Advisors Ltd increased its holdings in Brookfield Business Partners by 97.4% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock worth $848,000 after purchasing an additional 22,200 shares during the period. Institutional investors and hedge funds own 85.04% of the company’s stock.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.