Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of C$0.49 per share for the quarter.
Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) last released its earnings results on Wednesday, August 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.01). The firm had revenue of C$1.57 billion for the quarter, compared to analysts’ expectations of C$1.61 billion.
Brookfield Asset Management Price Performance
BAM stock opened at C$72.91 on Monday. The firm has a 50 day moving average price of C$60.80 and a 200-day moving average price of C$56.67. Brookfield Asset Management has a 52-week low of C$39.38 and a 52-week high of C$73.41. The firm has a market capitalization of C$30.54 billion and a price-to-earnings ratio of 48.61. The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.95 and a current ratio of 0.85.
Brookfield Asset Management Increases Dividend
Insider Activity at Brookfield Asset Management
In related news, Senior Officer Anuj Ranjan sold 112,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$39.63, for a total transaction of C$4,458,375.00. In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of Brookfield Asset Management stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$64.40, for a total value of C$18,111,093.75. Also, Senior Officer Anuj Ranjan sold 112,500 shares of Brookfield Asset Management stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$39.63, for a total transaction of C$4,458,375.00. 14.10% of the stock is owned by insiders.
Analysts Set New Price Targets
Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong sell” rating in a report on Thursday, September 12th.
Brookfield Asset Management Company Profile
Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.
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