Brokerages Anticipate Brookfield Business Partners L.P. (NYSE:BBU) to Post $1.49 Earnings Per Share

Wall Street brokerages predict that Brookfield Business Partners L.P. (NYSE:BBUGet Rating) will post $1.49 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Brookfield Business Partners’ earnings, with the lowest EPS estimate coming in at $1.14 and the highest estimate coming in at $1.83. Brookfield Business Partners posted earnings of $3.57 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 58.3%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Brookfield Business Partners will report full-year earnings of $6.59 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $6.94 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Brookfield Business Partners.

Brookfield Business Partners (NYSE:BBUGet Rating) last released its quarterly earnings data on Friday, February 4th. The business services provider reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($2.13). Brookfield Business Partners had a return on equity of 16.15% and a net margin of 4.16%. The business had revenue of $13.48 billion during the quarter. During the same period in the previous year, the business posted $1.97 earnings per share.

BBU has been the topic of several research reports. TheStreet raised shares of Brookfield Business Partners from a “d” rating to a “c-” rating in a research note on Wednesday, March 23rd. National Bankshares cut their target price on shares of Brookfield Business Partners from $68.00 to $39.00 and set an “outperform” rating for the company in a research report on Wednesday, March 16th. Desjardins upped their target price on shares of Brookfield Business Partners from $57.00 to $59.00 in a research report on Monday, February 7th. National Bank Financial decreased their price target on shares of Brookfield Business Partners from $68.00 to $39.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 16th. Finally, Zacks Investment Research downgraded shares of Brookfield Business Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $50.83.

NYSE:BBU traded down $2.06 during trading hours on Friday, reaching $25.51. The company’s stock had a trading volume of 92,328 shares, compared to its average volume of 28,790. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.78 and a beta of 1.47. The firm has a 50-day simple moving average of $33.83 and a 200-day simple moving average of $42.16. Brookfield Business Partners has a 1 year low of $25.38 and a 1 year high of $51.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.34 and a current ratio of 0.47.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, February 28th were given a $0.0625 dividend. The ex-dividend date was Friday, February 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.98%. Brookfield Business Partners’s dividend payout ratio (DPR) is 7.62%.

Several large investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in shares of Brookfield Business Partners by 8.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 150,410 shares of the business services provider’s stock worth $6,862,000 after purchasing an additional 11,092 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Brookfield Business Partners by 6.1% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,755 shares of the business services provider’s stock valued at $4,273,000 after purchasing an additional 5,361 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Brookfield Business Partners by 3.9% in the 3rd quarter. CIBC Asset Management Inc now owns 2,798,602 shares of the business services provider’s stock valued at $126,847,000 after purchasing an additional 105,500 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Brookfield Business Partners in the 4th quarter valued at approximately $1,955,000. Finally, Brookfield Asset Management Inc. raised its position in shares of Brookfield Business Partners by 6.0% during the 3rd quarter. Brookfield Asset Management Inc. now owns 26,279,715 shares of the business services provider’s stock valued at $1,205,976,000 after acquiring an additional 1,495,469 shares in the last quarter. 75.15% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Partners Company Profile (Get Rating)

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business 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. Brookfield Business Partners L.P.

Featured Articles

Get a free copy of the Zacks research report on Brookfield Business Partners (BBU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Brookfield Business Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Business Partners and related companies with MarketBeat.com's FREE daily email newsletter.