Analysts Expect Brookfield Business Partners L.P. (NYSE:BBU) Will Post Earnings of $1.88 Per Share

Wall Street analysts expect that Brookfield Business Partners L.P. (NYSE:BBU) will announce earnings of $1.88 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Brookfield Business Partners’ earnings. The highest EPS estimate is $1.92 and the lowest is $1.83. Brookfield Business Partners reported earnings of $0.56 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 235.7%. The company is scheduled to issue its next earnings results before the market opens on Friday, February 4th.

On average, analysts expect that Brookfield Business Partners will report full year earnings of $9.82 per share for the current fiscal year, with EPS estimates ranging from $9.77 to $9.86. For the next financial year, analysts expect that the firm will report earnings of $8.70 per share, with EPS estimates ranging from $8.42 to $8.97. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Brookfield Business Partners.

Brookfield Business Partners (NYSE:BBU) last posted its earnings results on Thursday, November 4th. The business services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($1.00). The firm had revenue of $12.04 billion during the quarter. Brookfield Business Partners had a net margin of 5.11% and a return on equity of 19.01%. During the same quarter last year, the company posted $1.39 earnings per share.

BBU has been the subject of a number of analyst reports. Zacks Investment Research cut Brookfield Business Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 5th. TheStreet upgraded Brookfield Business Partners from a “d+” rating to a “c-” rating in a research report on Friday, November 5th. National Bankshares upped their price target on Brookfield Business Partners from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. Royal Bank of Canada increased their target price on Brookfield Business Partners from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. Finally, National Bank Financial increased their target price on Brookfield Business Partners from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield Business Partners presently has an average rating of “Buy” and a consensus price target of $58.80.

Shares of BBU opened at $45.98 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 1.81. The business has a 50-day simple moving average of $46.82 and a two-hundred day simple moving average of $45.64. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 11.24 and a beta of 1.50. Brookfield Business Partners has a 52 week low of $35.39 and a 52 week high of $51.98.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Tuesday, November 30th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, November 29th. Brookfield Business Partners’s payout ratio is 6.11%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBU. Brookfield Asset Management Inc. boosted its stake in Brookfield Business Partners by 6.0% during the third quarter. Brookfield Asset Management Inc. now owns 26,279,715 shares of the business services provider’s stock worth $1,205,976,000 after buying an additional 1,495,469 shares during the period. Royal Bank of Canada lifted its position in shares of Brookfield Business Partners by 4.3% during the third quarter. Royal Bank of Canada now owns 7,194,514 shares of the business services provider’s stock worth $330,156,000 after purchasing an additional 299,314 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of Brookfield Business Partners by 366.9% during the second quarter. Intact Investment Management Inc. now owns 362,780 shares of the business services provider’s stock worth $20,787,000 after purchasing an additional 285,080 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Brookfield Business Partners by 26.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,005,088 shares of the business services provider’s stock worth $46,452,000 after purchasing an additional 210,540 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Brookfield Business Partners by 3.9% in the third quarter. CIBC Asset Management Inc now owns 2,798,602 shares of the business services provider’s stock valued at $126,847,000 after acquiring an additional 105,500 shares in the last quarter. 74.11% of the stock is owned by institutional investors.

About Brookfield Business Partners

Brookfield Business Partners LP engages in owning and operating business services and industrial operations. It operates though the following segments: Business Services, Infrastructure Services, Industrial Operations, and Corporate and Other. The Business Services segment includes services such as residential mortgage insurance, healthcare, road fuel distribution and marketing, real estate and construction, entertainment, financing, and other businesses.

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