Brookfield (BN) to Release Earnings on Thursday

Brookfield (NYSE:BN) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect Brookfield to post earnings of $0.73 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The business had revenue of $24.52 billion during the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. Brookfield’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. On average, analysts expect Brookfield to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Trading Up 0.1 %

NYSE:BN opened at $43.74 on Wednesday. The company has a market cap of $71.82 billion, a P/E ratio of 70.45 and a beta of 1.48. Brookfield has a 1 year low of $28.84 and a 1 year high of $43.99. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The stock’s fifty day moving average price is $40.92 and its two-hundred day moving average price is $38.42.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 annualized dividend and a yield of 0.73%. This is an increase from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price target on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research report on Friday, February 9th. CIBC increased their target price on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Canaccord Genuity Group boosted their price target on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada lowered their price objective on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, TD Securities upped their target price on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.25.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.