Brookfield Business Partners (BBU) to Release Earnings on Friday

Brookfield Business Partners (NYSE:BBU) will likely be announcing its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last announced its earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.39. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. The business had revenue of $9.23 billion during the quarter. During the same quarter last year, the firm earned $1.33 EPS. On average, analysts expect Brookfield Business Partners to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Stock Down 0.3 %

Shares of NYSE BBU opened at $21.57 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.95 and a current ratio of 1.17. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 2.66 and a beta of 1.50. The stock has a 50 day moving average price of $23.63 and a 200 day moving average price of $22.24. Brookfield Business Partners has a 52-week low of $16.85 and a 52-week high of $26.75.

Brookfield Business Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.063 dividend. The ex-dividend date was Friday, November 29th. This is an increase from Brookfield Business Partners’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 1.17%. Brookfield Business Partners’s payout ratio is currently 3.09%.

Analysts Set New Price Targets

Separately, BMO Capital Markets lifted their target price on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $32.00.

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.