Brookfield Asset Management (BAM) Set to Announce Quarterly Earnings on Monday

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) is scheduled to post its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Friday, August 9th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Brookfield Asset Management had a return on equity of 92.37% and a net margin of 51.29%. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.28 earnings per share. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Stock Performance

Shares of NYSE BAM opened at $53.19 on Friday. The firm has a fifty day moving average of $46.92 and a 200 day moving average of $42.16. The firm has a market cap of $23.63 billion, a PE ratio of 48.35, a PEG ratio of 2.58 and a beta of 1.56. Brookfield Asset Management has a one year low of $29.83 and a one year high of $54.20.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.86%. Brookfield Asset Management’s dividend payout ratio is currently 138.18%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BAM shares. Wells Fargo & Company lifted their price objective on Brookfield Asset Management from $42.00 to $48.00 and gave the stock an “underweight” rating in a report on Wednesday, October 9th. Scotiabank lifted their price target on Brookfield Asset Management from $45.50 to $55.50 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities boosted their price target on Brookfield Asset Management from $50.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday. CIBC raised their price objective on Brookfield Asset Management from $47.00 to $49.00 and gave the company an “outperformer” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Brookfield Asset Management from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.32.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.