FY2022 EPS Estimates for Brookfield Business Partners L.P. (NYSE:BBU) Reduced by Analyst

Brookfield Business Partners L.P. (NYSE:BBUGet Rating) – Stock analysts at Desjardins cut their FY2022 earnings per share estimates for Brookfield Business Partners in a report released on Sunday, May 8th. Desjardins analyst G. Ho now forecasts that the business services provider will post earnings of $6.03 per share for the year, down from their prior estimate of $6.59.

A number of other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Brookfield Business Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 22nd. TheStreet upgraded shares of Brookfield Business Partners from a “d” rating to a “c-” rating in a research note on Wednesday, March 23rd. National Bank Financial 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 note on Wednesday, March 16th. Finally, National Bankshares cut their target price on shares of Brookfield Business Partners from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $50.50.

Shares of BBU stock opened at $22.94 on Wednesday. The stock has a market cap of $1.79 billion, a P/E ratio of -208.53 and a beta of 1.54. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.11 and a quick ratio of 0.78. The company has a fifty day moving average price of $29.36 and a two-hundred day moving average price of $40.22. Brookfield Business Partners has a one year low of $21.70 and a one year high of $51.98.

Brookfield Business Partners (NYSE:BBUGet Rating) last announced its quarterly earnings results on Friday, May 6th. The business services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($1.31). Brookfield Business Partners had a net margin of 4.16% and a return on equity of 16.15%. During the same quarter last year, the firm posted $3.67 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, May 31st will be given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Brookfield Business Partners’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, May 27th. Brookfield Business Partners’s dividend payout ratio (DPR) is currently -227.25%.

Hedge funds have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board increased its holdings in Brookfield Business Partners by 8.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 150,410 shares of the business services provider’s stock valued at $6,862,000 after buying an additional 11,092 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in 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 buying an additional 5,361 shares during the period. Globeflex Capital L P bought a new position in Brookfield Business Partners in the 4th quarter valued at about $785,000. National Bank of Canada FI bought a new stake in shares of Brookfield Business Partners during the 4th quarter valued at approximately $1,955,000. Finally, Brookfield Asset Management Inc. grew its holdings 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 purchasing an additional 1,495,469 shares during the last quarter. 74.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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