Brookfield Business Partners (BBU) to Release Earnings on Friday

Brookfield Business Partners (NYSE:BBU) will likely be issuing its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last posted its earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.39. The company had revenue of $9.23 billion during the quarter. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. During the same quarter in the previous year, the firm posted $1.33 earnings per share. On average, analysts expect Brookfield Business Partners to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Price Performance

Brookfield Business Partners stock opened at $21.94 on Wednesday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 2.71 and a beta of 1.50. Brookfield Business Partners has a 1 year low of $16.85 and a 1 year high of $26.75. The business has a 50-day moving average of $23.40 and a 200-day moving average of $22.33. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12.

Brookfield Business Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.063 per share. This is a positive change from Brookfield Business Partners’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, November 29th. Brookfield Business Partners’s payout ratio is presently 3.09%.

Analysts Set New Price Targets

BBU has been the subject of several analyst reports. Scotiabank boosted their target price on Brookfield Business Partners from $30.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. BMO Capital Markets boosted their price objective on Brookfield Business Partners from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $32.80.

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.