National Bank Financial Forecasts BBU FY2025 Earnings

Brookfield Business Partners L.P. (NYSE:BBU) – Stock analysts at National Bank Financial cut their FY2025 earnings per share estimates for Brookfield Business Partners in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the business services provider will earn $5.25 per share for the year, down from their previous estimate of $5.47. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $5.26 per share.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.00%.

BBU has been the subject of a number of other research reports. BMO Capital Markets boosted their price target on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Scotiabank upped their price objective on shares of Brookfield Business Partners from $32.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Monday. Finally, Royal Bank of Canada cut their price objective on Brookfield Business Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Monday. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brookfield Business Partners presently has a consensus rating of “Buy” and a consensus target price of $32.33.

Brookfield Business Partners Stock Performance

Shares of NYSE BBU opened at $22.54 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12. The stock has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $22.38. The company has a market cap of $1.67 billion, a PE ratio of -46.00 and a beta of 1.50. Brookfield Business Partners has a 12-month low of $16.85 and a 12-month high of $26.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Brookfield Business Partners by 8.9% during the fourth quarter. Bank of New York Mellon Corp now owns 17,724 shares of the business services provider’s stock worth $415,000 after purchasing an additional 1,448 shares during the period. Caldwell Investment Management Ltd. bought a new stake in Brookfield Business Partners in the fourth quarter worth $1,731,000. Principal Financial Group Inc. lifted its position in shares of Brookfield Business Partners by 29.9% in the third quarter. Principal Financial Group Inc. now owns 117,189 shares of the business services provider’s stock worth $2,731,000 after buying an additional 26,947 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Brookfield Business Partners by 12,276.3% in the 3rd quarter. Toronto Dominion Bank now owns 260,769 shares of the business services provider’s stock valued at $6,076,000 after acquiring an additional 258,662 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Brookfield Business Partners by 20.6% during the third quarter. National Bank of Canada FI now owns 97,584 shares of the business services provider’s stock valued at $2,274,000 after purchasing an additional 16,684 shares during the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.0625 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 1.11%. Brookfield Business Partners’s dividend payout ratio (DPR) is presently -51.02%.

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.