Somewhat Positive Press Coverage Somewhat Unlikely to Affect Brookfield Business Partners L.P. (BBU) Share Price
Headlines about Brookfield Business Partners L.P. (NYSE:BBU) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brookfield Business Partners L.P. earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 47.6956454912112 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts have issued reports on BBU shares. Scotiabank raised their target price 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. Brookfield Business Partners LP lifted their price objective on Brookfield Business Partners L.P. to $43.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th.
Brookfield Business Partners L.P. (BBU) opened at 30.69 on Monday. Brookfield Business Partners L.P. has a 12-month low of $21.72 and a 12-month high of $31.00. The stock’s 50 day moving average price is $29.00 and its 200 day moving average price is $26.73. The company has a market cap of $3.31 billion, a PE ratio of 100.29 and a beta of 1.85.
Brookfield Business Partners L.P. (NYSE:BBU) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported ($0.06) earnings per share for the quarter, missing the 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 anticipate that Brookfield Business Partners L.P. will post $1.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.063 per share. This is a positive change from Brookfield Business Partners L.P.’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.25 annualized dividend and a dividend yield of 0.82%.
Brookfield Business Partners L.P. Company Profile
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