Brookfield Business Partners (BBU) Set to Announce Quarterly Earnings on Friday

Brookfield Business Partners (NYSE:BBU) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Brookfield Business Partners to post earnings of $0.86 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last posted its earnings results on Friday, February 2nd. The business services provider reported $6.57 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $5.67. Brookfield Business Partners had a net margin of 6.86% and a return on equity of 21.74%. The firm had revenue of $13.41 billion for the quarter. During the same period last year, the business earned $1.49 earnings per share. On average, analysts expect Brookfield Business Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Price Performance

Shares of BBU opened at $18.81 on Wednesday. The firm has a 50-day simple moving average of $20.85 and a 200-day simple moving average of $19.20. Brookfield Business Partners has a fifty-two week low of $12.22 and a fifty-two week high of $23.75. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.78 and a current ratio of 1.04. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 2.90 and a beta of 1.41.

Brookfield Business Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Business Partners’s dividend payout ratio is presently 3.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotiabank increased their target price on Brookfield Business Partners from $26.50 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. TheStreet cut shares of Brookfield Business Partners from a “c” rating to a “d+” rating in a research report on Wednesday, March 13th. BMO Capital Markets lifted their price target on shares of Brookfield Business Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. National Bankshares increased their target price on Brookfield Business Partners from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, Desjardins upped their price target on shares of Brookfield Business Partners from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $29.67.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.