Brookfield Business Partners LP (NYSE:BBU) Expected to Post Earnings of $1.54 Per Share

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Equities analysts expect Brookfield Business Partners LP (NYSE:BBU) to post earnings of $1.54 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Brookfield Business Partners’ earnings. Brookfield Business Partners reported earnings of $1.04 per share during the same quarter last year, which would indicate a positive year over year growth rate of 48.1%. The firm is expected to report its next earnings report on Friday, February 14th.

According to Zacks, analysts expect that Brookfield Business Partners will report full-year earnings of $7.13 per share for the current financial year. For the next year, analysts expect that the firm will post earnings of $6.07 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Brookfield Business Partners.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.80). Brookfield Business Partners had a net margin of 1.40% and a return on equity of 7.43%. The firm had revenue of $11.79 billion during the quarter.

BBU has been the subject of a number of research reports. TheStreet downgraded shares of Brookfield Business Partners from a “c-” rating to a “d” rating in a report on Thursday, November 7th. National Bank Financial reissued an “outperform” rating and set a $45.00 target price on shares of Brookfield Business Partners in a report on Friday, October 18th. Finally, ValuEngine downgraded shares of Brookfield Business Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.50.

Shares of BBU stock traded up $0.25 on Wednesday, hitting $41.66. 938 shares of the stock traded hands, compared to its average volume of 33,267. The company’s fifty day moving average is $40.13 and its 200 day moving average is $38.16. Brookfield Business Partners has a 1-year low of $29.82 and a 1-year high of $42.00. The company has a market capitalization of $2.74 billion, a PE ratio of 37.51 and a beta of 1.46. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.20 and a quick ratio of 0.92.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC bought a new position in Brookfield Business Partners in the 3rd quarter worth $59,000. Colony Group LLC boosted its holdings in Brookfield Business Partners by 13.1% during the third quarter. Colony Group LLC now owns 17,244 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 2,000 shares during the period. K.J. Harrison & Partners Inc grew its position in shares of Brookfield Business Partners by 4.1% in the second quarter. K.J. Harrison & Partners Inc now owns 64,000 shares of the business services provider’s stock valued at $2,492,000 after purchasing an additional 2,500 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Brookfield Business Partners by 6,910.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,767 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 4,699 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Brookfield Business Partners in the second quarter worth about $293,000. 72.43% of the stock is currently owned by hedge funds and other 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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