Brookfield Business Partners (BBU) to Release Earnings on Friday

Brookfield Business Partners (NYSE:BBU) is set to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings data on Friday, February 2nd. The business services provider reported $6.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $5.67. The company had revenue of $13.41 billion for the quarter. Brookfield Business Partners had a return on equity of 21.74% and a net margin of 6.86%. During the same period in the prior year, the business posted $1.49 earnings per share. On average, analysts expect Brookfield Business Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Stock Down 0.4 %

Shares of BBU opened at $18.71 on Thursday. Brookfield Business Partners has a 1 year low of $12.22 and a 1 year high of $23.75. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.04 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $20.78 and a two-hundred day simple moving average of $19.20. The firm has a market cap of $1.39 billion, a P/E ratio of 2.88 and a beta of 1.41.

Brookfield Business Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Business Partners’s dividend payout ratio is presently 3.85%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BBU. BMO Capital Markets raised their target price on shares of Brookfield Business Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. National Bankshares raised their price target on shares of Brookfield Business Partners from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. TheStreet cut shares of Brookfield Business Partners from a “c” rating to a “d+” rating in a research report on Wednesday, March 13th. Scotiabank increased their target price on shares of Brookfield Business Partners from $26.50 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, February 5th. Finally, Desjardins boosted their price target on Brookfield Business Partners from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, February 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Brookfield Business Partners has an average rating of “Buy” and a consensus target price of $29.67.

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.