Brookfield Business Partners (BBU) Scheduled to Post Quarterly Earnings on Friday

Brookfield Business Partners (NYSE:BBU) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Brookfield Business Partners to post earnings of $0.86 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings data on Friday, February 2nd. The business services provider reported $6.57 EPS for the quarter, beating the consensus estimate of $0.90 by $5.67. The firm had revenue of $13.41 billion for the quarter. Brookfield Business Partners had a return on equity of 21.74% and a net margin of 6.86%. During the same quarter last year, the company posted $1.49 earnings per share. On average, analysts expect Brookfield Business Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Price Performance

Shares of Brookfield Business Partners stock opened at $19.00 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $1.41 billion, a PE ratio of 2.93 and a beta of 1.41. The business’s 50-day moving average price is $21.09 and its 200-day moving average price is $19.07. Brookfield Business Partners has a 12 month low of $12.22 and a 12 month high of $23.75.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.25 annualized dividend and a yield of 1.32%. Brookfield Business Partners’s payout ratio is 3.85%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BBU. BMO Capital Markets raised their price target on Brookfield Business Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. National Bankshares lifted their price objective on Brookfield Business Partners from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Desjardins lifted their price objective on Brookfield Business Partners from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, February 5th. TheStreet cut Brookfield Business Partners from a “c” rating to a “d+” rating in a research note on Wednesday, March 13th. Finally, Scotiabank boosted their price target on Brookfield Business Partners from $26.50 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $29.67.

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.