Brookfield (TSE:BN) Releases Quarterly Earnings Results

Brookfield (TSE:BN) announced its quarterly earnings data on Thursday. The company reported C$0.77 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$29.46 billion during the quarter. Brookfield had a return on equity of 3.05% and a net margin of 1.80%.

Brookfield Trading Down 1.0%

BN opened at C$59.31 on Friday. Brookfield has a 1-year low of C$50.76 and a 1-year high of C$68.44. The stock’s fifty day simple moving average is C$53.94 and its 200 day simple moving average is C$58.85. The stock has a market cap of C$132.40 billion, a PE ratio of 109.83 and a beta of 1.67.

Insider Buying and Selling

In other Brookfield news, insider Brian William Kingston sold 675,000 shares of Brookfield stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of C$50.73, for a total transaction of C$34,242,750.00. Following the completion of the transaction, the insider directly owned 2,070,014 shares of the company’s stock, valued at C$105,011,810.22. The trade was a 24.59% decrease in their ownership of the stock. 19.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of C$61.00.

Brookfield Company Profile

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.