Brookfield Business Partners L.P. (BBU) Given Coverage Optimism Score of 0.17
Press coverage about Brookfield Business Partners L.P. (NYSE:BBU) has been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Business Partners L.P. earned a news impact score of 0.17 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 47.8227901278016 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
BBU has been the subject of several research analyst reports. Brookfield Business Partners LP increased their price objective on Brookfield Business Partners L.P. to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. Scotiabank increased their price objective on Brookfield Business Partners L.P. from $29.00 to $33.50 and gave the stock an “outperform” rating in a report on Wednesday, August 9th.
Shares of Brookfield Business Partners L.P. (NYSE:BBU) opened at 29.46 on Tuesday. The firm has a 50-day moving average price of $28.61 and a 200 day moving average price of $26.57. The stock has a market cap of $3.18 billion, a PE ratio of 96.27 and a beta of 2.10. Brookfield Business Partners L.P. has a 12-month low of $21.72 and a 12-month high of $30.68.
Brookfield Business Partners L.P. (NYSE:BBU) last posted its earnings results on Tuesday, August 8th. The business services provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.15. Brookfield Business Partners L.P. had a net margin of 1.63% and a return on equity of 1.22%. The company had revenue of $4.87 billion during the quarter. Equities research analysts expect that Brookfield Business Partners L.P. will post $1.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, August 29th. This is an increase from Brookfield Business Partners L.P.’s previous quarterly dividend of $0.06.
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About Brookfield Business Partners L.P.
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