Brokerages Expect Brookfield Business Partners LP (NYSE:BBU) to Post $1.26 EPS

Wall Street brokerages expect Brookfield Business Partners LP (NYSE:BBU) to announce $1.26 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Brookfield Business Partners’ earnings. Brookfield Business Partners reported earnings of $0.82 per share during the same quarter last year, which would indicate a positive year over year growth rate of 53.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, August 6th.

According to Zacks, analysts expect that Brookfield Business Partners will report full-year earnings of $6.23 per share for the current year. For the next year, analysts expect that the firm will report earnings of $7.31 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Brookfield Business Partners.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.43). Brookfield Business Partners had a return on equity of 0.95% and a net margin of 0.21%. The business had revenue of $10.15 billion for the quarter.

BBU has been the topic of several research analyst reports. Scotiabank upgraded Brookfield Business Partners from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, March 26th. TD Securities upped their target price on Brookfield Business Partners from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Investment Research lowered Brookfield Business Partners from a “buy” rating to a “hold” rating in a report on Friday, April 24th. National Bank Financial cut their price target on Brookfield Business Partners from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, ValuEngine upgraded Brookfield Business Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.83.

Shares of NYSE BBU traded down $1.31 during trading on Friday, reaching $30.20. The company had a trading volume of 19,896 shares, compared to its average volume of 38,173. The company’s fifty day moving average price is $31.05 and its 200-day moving average price is $35.03. Brookfield Business Partners has a 12 month low of $18.60 and a 12 month high of $46.88. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 2.42.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, May 28th. Brookfield Business Partners’s dividend payout ratio (DPR) is 40.32%.

Institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new position in shares of Brookfield Business Partners in the first quarter worth $85,000. Tower Research Capital LLC TRC boosted its stake in Brookfield Business Partners by 5.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,026 shares of the business services provider’s stock valued at $207,000 after buying an additional 259 shares during the period. Acadian Asset Management LLC bought a new stake in Brookfield Business Partners during the first quarter valued at $260,000. PEAK6 Investments LLC boosted its stake in Brookfield Business Partners by 949.0% during the fourth quarter. PEAK6 Investments LLC now owns 8,838 shares of the business services provider’s stock valued at $365,000 after buying an additional 9,879 shares during the period. Finally, Madison Wealth Management boosted its stake in Brookfield Business Partners by 6.4% during the first quarter. Madison Wealth Management now owns 29,639 shares of the business services provider’s stock valued at $754,000 after buying an additional 1,790 shares during the period. 73.84% of the stock is owned by hedge funds and other institutional investors.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business 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. Brookfield Business Partners L.P.

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