Brookfield Asset Management (BAM) to Release Quarterly Earnings on Monday

Brookfield Asset Management (TSE:BAM) (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) (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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.88%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 30th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 136.67%.

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.