$1.68 Earnings Per Share Expected for Brookfield Business Partners L.P. (NYSE:BBU) This Quarter


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Equities analysts expect Brookfield Business Partners L.P. (NYSE:BBU) to report $1.68 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Brookfield Business Partners’ earnings. The highest EPS estimate is $1.71 and the lowest is $1.64. Brookfield Business Partners reported earnings of ($0.84) per share in the same quarter last year, which indicates a positive year over year growth rate of 300%. The firm is expected to announce its next earnings report before the market opens on Wednesday, May 5th.

On average, analysts expect that Brookfield Business Partners will report full year earnings of $7.24 per share for the current financial year, with EPS estimates ranging from $7.22 to $7.25. For the next year, analysts expect that the company will report earnings of $8.24 per share, with EPS estimates ranging from $7.92 to $8.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Brookfield Business Partners.

Brookfield Business Partners (NYSE:BBU) last issued its quarterly earnings results on Thursday, February 4th. The business services provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($1.10). The company had revenue of $10.05 billion during the quarter. Brookfield Business Partners had a negative return on equity of 1.66% and a negative net margin of 0.43%.

A number of equities analysts have recently weighed in on the company. National Bank Financial upped their price objective on Brookfield Business Partners from $38.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, February 4th. Zacks Investment Research lowered Brookfield Business Partners from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada upped their price objective on Brookfield Business Partners from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, February 8th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.00.

BBU traded up $0.37 during midday trading on Tuesday, reaching $43.90. The company had a trading volume of 10,610 shares, compared to its average volume of 24,813. The company has a market cap of $3.45 billion, a P/E ratio of -18.37 and a beta of 1.65. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 2.17. The business has a 50-day moving average of $40.77 and a two-hundred day moving average of $38.06. Brookfield Business Partners has a 1 year low of $24.82 and a 1 year high of $44.34.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, February 26th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 25th. Brookfield Business Partners’s payout ratio is presently 30.65%.

A number of institutional investors have recently made changes to their positions in BBU. The Manufacturers Life Insurance Company boosted its stake in Brookfield Business Partners by 95.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,175,461 shares of the business services provider’s stock valued at $59,631,000 after buying an additional 573,538 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Brookfield Business Partners by 10.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,523,381 shares of the business services provider’s stock valued at $133,360,000 after buying an additional 337,598 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Brookfield Business Partners during the first quarter valued at approximately $4,297,000. Toronto Dominion Bank lifted its stake in shares of Brookfield Business Partners by 60.4% in the 4th quarter. Toronto Dominion Bank now owns 257,802 shares of the business services provider’s stock valued at $9,702,000 after purchasing an additional 97,107 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Brookfield Business Partners by 287.6% in the 4th quarter. Renaissance Technologies LLC now owns 103,500 shares of the business services provider’s stock valued at $3,904,000 after purchasing an additional 76,800 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

About Brookfield Business Partners

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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