Desjardins Analysts Lift Earnings Estimates for BBU

Brookfield Business Partners L.P. (NYSE:BBU) – Equities researchers at Desjardins upped their Q4 2024 earnings estimates for shares of Brookfield Business Partners in a report issued on Sunday, November 10th. Desjardins analyst G. Ho now anticipates that the business services provider will post earnings per share of $1.21 for the quarter, up from their previous estimate of $1.08. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $5.43 per share. Desjardins also issued estimates for Brookfield Business Partners’ FY2025 earnings at $5.04 EPS and FY2026 earnings at $5.73 EPS.

Brookfield Business Partners (NYSE:BBU) last posted its earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.39. Brookfield Business Partners had a net margin of 11.77% and a return on equity of 30.68%. The company had revenue of $9.23 billion for the quarter. During the same quarter in the prior year, the company earned $1.33 EPS.

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

Brookfield Business Partners Stock Performance

Shares of Brookfield Business Partners stock opened at $24.75 on Tuesday. Brookfield Business Partners has a 52 week low of $14.71 and a 52 week high of $25.64. The company has a quick ratio of 0.74, a current ratio of 0.24 and a debt-to-equity ratio of 2.24. The business has a 50 day moving average price of $22.66 and a 200-day moving average price of $20.54. The company has a market cap of $1.84 billion, a PE ratio of 3.02 and a beta of 1.45.

Brookfield Business Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.063 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.25 annualized dividend and a yield of 1.02%. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. Brookfield Business Partners’s payout ratio is currently 3.09%.

Hedge Funds Weigh In On Brookfield Business Partners

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Brookfield Business Partners by 3.1% in the second quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider’s stock valued at $15,036,000 after acquiring an additional 22,886 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Brookfield Business Partners by 12.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider’s stock valued at $12,910,000 after purchasing an additional 77,017 shares during the last quarter. AYAL Capital Advisors Ltd grew its holdings in Brookfield Business Partners by 97.4% during the second quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 22,200 shares during the period. The Manufacturers Life Insurance Company increased its position in Brookfield Business Partners by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider’s stock worth $770,000 after buying an additional 608 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Brookfield Business Partners in the second quarter valued at $307,000. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Company Profile

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.