Brookfield Asset Management (BAM) to Release Earnings on Wednesday

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.46 per share for the quarter.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.47 by C$0.02. Brookfield Asset Management had a return on equity of 18.68% and a net margin of 45.27%. The business had revenue of C$1.54 billion for the quarter.

Brookfield Asset Management Stock Up 1.4 %

Shares of TSE:BAM opened at C$53.51 on Monday. The company has a 50 day moving average of C$55.32 and a 200-day moving average of C$51.60. Brookfield Asset Management has a one year low of C$39.38 and a one year high of C$58.19. The stock has a market cap of C$20.80 billion and a price-to-earnings ratio of 34.97. The company has a debt-to-equity ratio of 1.73, a current ratio of 4.39 and a quick ratio of 0.95.

Brookfield Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Wednesday, February 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 135.29%.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.