BBU FY2025 EPS Forecast Cut by National Bank Financial

Brookfield Business Partners L.P. (NYSE:BBU) – Research analysts at National Bank Financial reduced their FY2025 EPS estimates for shares of Brookfield Business Partners in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the business services provider will earn $5.25 per share for the year, down from their prior estimate of $5.47. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $5.26 per share.

Several other equities analysts have also recently issued reports on the company. Scotiabank raised their price objective on Brookfield Business Partners from $32.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Monday. BMO Capital Markets boosted their price objective on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Royal Bank of Canada decreased their target price on Brookfield Business Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Brookfield Business Partners currently has a consensus rating of “Buy” and a consensus price target of $32.33.

Brookfield Business Partners Stock Up 3.0 %

BBU stock opened at $22.47 on Wednesday. Brookfield Business Partners has a twelve month low of $16.85 and a twelve month high of $26.75. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $1.67 billion, a P/E ratio of -45.86 and a beta of 1.50. The firm has a 50 day simple moving average of $23.10 and a 200-day simple moving average of $22.38.

Brookfield Business Partners (NYSE:BBU) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.00%.

Institutional Trading of Brookfield Business Partners

Hedge funds have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Brookfield Business Partners by 13.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 773,975 shares of the business services provider’s stock worth $18,145,000 after buying an additional 92,413 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Brookfield Business Partners by 29.9% during the third quarter. Principal Financial Group Inc. now owns 117,189 shares of the business services provider’s stock worth $2,731,000 after purchasing an additional 26,947 shares during the period. Caldwell Investment Management Ltd. acquired a new stake in Brookfield Business Partners during the fourth quarter valued at approximately $1,731,000. PCJ Investment Counsel Ltd. raised its holdings in shares of Brookfield Business Partners by 14.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 1,518,892 shares of the business services provider’s stock worth $35,528,000 after buying an additional 188,743 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Brookfield Business Partners by 12,276.3% during the 3rd quarter. Toronto Dominion Bank now owns 260,769 shares of the business services provider’s stock worth $6,076,000 after buying an additional 258,662 shares during the period. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, February 28th. Brookfield Business Partners’s payout ratio is -51.02%.

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.