Brookfield Business Partners (BBU) Scheduled to Post Quarterly Earnings on Friday

Brookfield Business Partners (NYSE:BBU) will announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last released its quarterly 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 company had revenue of $13.41 billion for the quarter. During the same period in the prior year, the business earned $1.49 EPS. 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 Trading Down 3.0 %

NYSE:BBU opened at $19.00 on Friday. Brookfield Business Partners has a 12 month low of $12.22 and a 12 month high of $23.75. The company’s 50 day moving average is $21.09 and its 200-day moving average is $19.07. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 2.93 and a beta of 1.41. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 2.22.

Brookfield Business Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Business Partners’s dividend payout ratio (DPR) is currently 3.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BBU shares. 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. Desjardins lifted 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 note on Monday, February 5th. TheStreet downgraded shares of Brookfield Business Partners from a “c” rating to a “d+” rating in a research note on Wednesday, March 13th. Scotiabank lifted their price target on shares of Brookfield Business Partners from $26.50 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Finally, National Bankshares lifted their price target on shares of Brookfield Business Partners from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.