Brookfield Business Partners (BBU) Set to Announce Earnings on Friday

Brookfield Business Partners (NYSE:BBUGet Rating) will be announcing its earnings results before the market opens on Friday, May 6th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBUGet Rating) last issued its quarterly earnings results on Friday, February 4th. The business services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($2.13). Brookfield Business Partners had a net margin of 4.16% and a return on equity of 16.15%. The business had revenue of $13.48 billion during the quarter. During the same quarter in the prior year, the firm earned $1.97 EPS. On average, analysts expect Brookfield Business Partners to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of BBU stock opened at $25.14 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.34 and a debt-to-equity ratio of 1.81. Brookfield Business Partners has a 1 year low of $24.72 and a 1 year high of $51.98. The firm’s fifty day moving average price is $32.35 and its two-hundred day moving average price is $41.60. The firm has a market capitalization of $1.96 billion, a P/E ratio of 7.66 and a beta of 1.47.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, February 28th were paid a $0.0625 dividend. The ex-dividend date was Friday, February 25th. This represents a $0.25 annualized dividend and a yield of 0.99%. Brookfield Business Partners’s payout ratio is currently 7.62%.

Several equities research analysts have issued reports on BBU shares. National Bank Financial lowered 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. TheStreet upgraded shares of Brookfield Business Partners from a “d” rating to a “c-” rating in a research note on Wednesday, March 23rd. Zacks Investment Research lowered shares of Brookfield Business Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 22nd. National Bankshares lowered their price objective 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, Desjardins boosted their price objective on shares of Brookfield Business Partners from $57.00 to $59.00 in a research note on Monday, February 7th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brookfield Business Partners presently has an average rating of “Buy” and a consensus target price of $50.83.

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in shares of Brookfield Business Partners by 7.6% during the 2nd quarter. Wells Fargo & Company MN now owns 4,951 shares of the business services provider’s stock worth $229,000 after buying an additional 350 shares during the period. Susquehanna International Group LLP boosted its holdings in Brookfield Business Partners by 592.4% in the 4th quarter. Susquehanna International Group LLP now owns 9,576 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 8,193 shares during the period. Finally, Invesco Ltd. boosted its holdings in Brookfield Business Partners by 38.9% in the 4th quarter. Invesco Ltd. now owns 135,506 shares of the business services provider’s stock valued at $6,240,000 after purchasing an additional 37,953 shares during the period. 75.15% of the stock is owned by institutional investors and hedge funds.

About Brookfield Business Partners (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.

Further Reading

Earnings History for Brookfield Business Partners (NYSE:BBU)

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