Brookfield Business (NYSE:BBUC) Announces Quarterly Earnings Results

Brookfield Business (NYSE:BBUCGet Free Report) issued its quarterly earnings results on Friday. The company reported $1.21 earnings per share (EPS) for the quarter, Zacks reports. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%.

Brookfield Business Stock Performance

BBUC stock traded down $1.84 during midday trading on Friday, reaching $29.62. The stock had a trading volume of 570,882 shares, compared to its average volume of 291,346. The firm has a fifty day simple moving average of $31.70 and a two-hundred day simple moving average of $33.19. Brookfield Business has a 52-week low of $28.14 and a 52-week high of $38.25. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43. The stock has a market cap of $6.13 billion, a PE ratio of -65.82 and a beta of 1.25.

Brookfield Business Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a $0.0625 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. Brookfield Business’s dividend payout ratio (DPR) is -55.56%.

Brookfield Business News Summary

Here are the key news stories impacting Brookfield Business this week:

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BBUC shares. Royal Bank Of Canada lowered their price objective on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Wall Street Zen upgraded Brookfield Business from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a report on Monday, May 11th. National Bank Financial dropped their price target on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Finally, Scotiabank set a $40.50 price objective on shares of Brookfield Business in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Brookfield Business has an average rating of “Hold” and a consensus target price of $39.60.

View Our Latest Analysis on BBUC

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of Brookfield Business during the fourth quarter worth about $240,000. Franklin Resources Inc. increased its holdings in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after buying an additional 482 shares during the period. Squarepoint Ops LLC purchased a new position in Brookfield Business during the 4th quarter worth approximately $280,000. Susquehanna Advisors Group Inc. acquired a new stake in Brookfield Business during the 4th quarter valued at approximately $298,000. Finally, Mariner LLC boosted its holdings in shares of Brookfield Business by 14.3% in the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock valued at $434,000 after acquiring an additional 1,515 shares during the last quarter. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Business Company Profile

(Get Free Report)

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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