Brokerages expect Brookfield Business Partners L.P. (NYSE:BBU) to report earnings per share (EPS) of $1.59 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Brookfield Business Partners’ earnings. The lowest EPS estimate is $1.57 and the highest is $1.60. Brookfield Business Partners reported earnings per share of ($0.12) in the same quarter last year, which indicates a positive year-over-year growth rate of 1,425%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 2nd.
On average, analysts expect that Brookfield Business Partners will report full-year earnings of $9.38 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $7.61 per share, with EPS estimates ranging from $7.22 to $7.99. 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 announced its earnings results on Friday, August 6th. The business services provider reported ($0.63) EPS for the quarter, missing the consensus estimate of $1.66 by ($2.29). Brookfield Business Partners had a return on equity of 18.40% and a net margin of 5.10%. The company had revenue of $11.24 billion for the quarter.
BBU stock opened at $42.47 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 0.80. The company has a fifty day moving average price of $43.24 and a two-hundred day moving average price of $43.40. Brookfield Business Partners has a one year low of $28.24 and a one year high of $49.11. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 12.24 and a beta of 1.62.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Tuesday, August 31st will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Monday, August 30th. Brookfield Business Partners’s payout ratio is currently -22.12%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBU. CIBC World Markets Inc. raised its position in Brookfield Business Partners by 2.9% in the 1st quarter. CIBC World Markets Inc. now owns 269,764 shares of the business services provider’s stock valued at $10,836,000 after buying an additional 7,721 shares during the last quarter. Toronto Dominion Bank raised its position in Brookfield Business Partners by 20.8% in the 1st quarter. Toronto Dominion Bank now owns 311,391 shares of the business services provider’s stock valued at $12,467,000 after buying an additional 53,589 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in Brookfield Business Partners in the 1st quarter valued at $202,000. UBS Group AG raised its position in Brookfield Business Partners by 32.6% in the 1st quarter. UBS Group AG now owns 6,175 shares of the business services provider’s stock valued at $248,000 after buying an additional 1,519 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in Brookfield Business Partners by 58.2% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 55,938 shares of the business services provider’s stock valued at $2,258,000 after buying an additional 20,577 shares during the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.
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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