Brookfield Business Partners (BBU) Projected to Post Earnings on Friday

Brookfield Business Partners (NYSE:BBU) is expected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Brookfield Business Partners to post earnings of $0.14 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings results on Friday, November 8th. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.39. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. The business had revenue of $9.23 billion during the quarter. During the same quarter in the previous year, the business posted $1.33 EPS. On average, analysts expect Brookfield Business Partners to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Stock Performance

BBU opened at $21.60 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 2.12. Brookfield Business Partners has a 12-month low of $16.85 and a 12-month high of $26.75. The business has a 50 day moving average of $23.40 and a 200-day moving average of $22.33. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 2.67 and a beta of 1.50.

Brookfield Business Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. Brookfield Business Partners’s dividend payout ratio is 3.09%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank upped their price objective on shares of Brookfield Business Partners from $30.00 to $32.00 and gave the company a “sector outperform” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.80.

About Brookfield Business Partners

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.