Brookfield Asset Management (BAM) Scheduled to Post Earnings on Monday

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) is scheduled to announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $1.16 billion. Brookfield Asset Management had a return on equity of 92.37% and a net margin of 51.29%. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Stock Performance

NYSE BAM opened at $52.46 on Monday. The firm’s fifty day moving average price is $45.63 and its two-hundred day moving average price is $41.71. The stock has a market cap of $23.28 billion, a PE ratio of 48.57, a PEG ratio of 2.26 and a beta of 1.56. Brookfield Asset Management has a fifty-two week low of $28.35 and a fifty-two week high of $53.02.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.90%. Brookfield Asset Management’s dividend payout ratio is currently 140.74%.

Wall Street Analyst Weigh In

BAM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on Brookfield Asset Management from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company raised their price objective on shares of Brookfield Asset Management from $42.00 to $48.00 and gave the company an “underweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Asset Management from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group began coverage on shares of Brookfield Asset Management in a research note on Friday, August 2nd. They set a “hold” rating and a $43.00 price target for the company. Finally, Bank of America boosted their price objective on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.41.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.