Brookfield Business Partners (NYSE:BBU – Get Free Report) posted its quarterly earnings results on Friday. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.39, Zacks reports. Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. The business had revenue of $9.23 billion during the quarter. During the same period in the previous year, the business posted $1.33 EPS.
Brookfield Business Partners Stock Performance
Brookfield Business Partners stock traded up $0.01 during midday trading on Monday, reaching $25.03. The stock had a trading volume of 33,582 shares, compared to its average volume of 14,117. Brookfield Business Partners has a 12 month low of $14.44 and a 12 month high of $25.64. The firm’s 50-day moving average price is $22.48 and its 200 day moving average price is $20.46. The firm has a market capitalization of $1.86 billion, a PE ratio of 3.09 and a beta of 1.45. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 2.24.
Brookfield Business Partners Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Business Partners’s payout ratio is presently 3.09%.
Analyst Ratings Changes
View Our Latest Stock Analysis on BBU
Brookfield Business Partners Company Profile
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.
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