$1.13 EPS Expected for Brookfield Asset Management Inc. (NYSE:BAM) This Quarter

Equities research analysts predict that Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) will post earnings of $1.13 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Brookfield Asset Management’s earnings. Brookfield Asset Management posted earnings of ($0.43) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 362.8%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, August 12th.

According to Zacks, analysts expect that Brookfield Asset Management will report full year earnings of $2.17 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $2.34 per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Brookfield Asset Management.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, May 12th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.33. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $10.89 billion. Brookfield Asset Management had a return on equity of 1.22% and a net margin of 2.23%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share.

Several research analysts recently commented on BAM shares. Credit Suisse Group lowered Brookfield Asset Management from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $52.00 to $54.00 in a research report on Wednesday, March 31st. Zacks Investment Research raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Monday, May 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Brookfield Asset Management from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, July 12th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lifted their price target on shares of Brookfield Asset Management from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, June 18th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus price target of $49.59.

BAM opened at $50.97 on Monday. The stock has a market capitalization of $80.42 billion, a price-to-earnings ratio of 60.68 and a beta of 1.25. Brookfield Asset Management has a 12 month low of $29.09 and a 12 month high of $52.53. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $50.05.

The business also recently disclosed a dividend, which was paid on Monday, June 28th. Investors of record on Friday, June 18th were paid a $0.13 dividend. This represents a dividend yield of 1.04%. The ex-dividend date was Thursday, June 17th. Brookfield Asset Management’s dividend payout ratio (DPR) is -200.00%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Brookfield Asset Management during the fourth quarter worth about $565,086,000. Capital International Investors acquired a new position in Brookfield Asset Management during the first quarter worth about $336,474,000. The Manufacturers Life Insurance Company raised its position in Brookfield Asset Management by 24.1% during the first quarter. The Manufacturers Life Insurance Company now owns 24,275,961 shares of the financial services provider’s stock worth $1,357,027,000 after acquiring an additional 4,706,808 shares during the last quarter. FIL Ltd raised its position in Brookfield Asset Management by 13.9% during the fourth quarter. FIL Ltd now owns 31,841,182 shares of the financial services provider’s stock worth $1,316,272,000 after acquiring an additional 3,891,999 shares during the last quarter. Finally, EdgePoint Investment Group Inc. raised its position in Brookfield Asset Management by 43.9% during the first quarter. EdgePoint Investment Group Inc. now owns 12,694,701 shares of the financial services provider’s stock worth $563,246,000 after acquiring an additional 3,870,544 shares during the last quarter. Hedge funds and other institutional investors own 63.47% of the company’s stock.

About Brookfield Asset Management

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders.

Read More: ESG Score

Get a free copy of the Zacks research report on Brookfield Asset Management (BAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.