Brookfield (NYSE:BN) Issues Earnings Results

Brookfield (NYSE:BN) announced its earnings results on Thursday. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13, Zacks reports. The business had revenue of $22.91 billion during the quarter. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. During the same period in the prior year, the company posted $0.72 earnings per share.

Brookfield Stock Down 0.0 %

Shares of NYSE BN traded down $0.01 during trading on Friday, reaching $44.24. 1,497,250 shares of the stock were exchanged, compared to its average volume of 2,827,989. The company has a market capitalization of $72.64 billion, a price-to-earnings ratio of 71.37 and a beta of 1.48. The business’s 50-day moving average price is $41.10 and its 200 day moving average price is $38.59. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. Brookfield has a twelve month low of $28.84 and a twelve month high of $44.50.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. Brookfield’s dividend payout ratio (DPR) is 51.61%.

Insider Activity at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now directly owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BN shares. Royal Bank of Canada lowered their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $46.00 target price (up previously from $45.00) on shares of Brookfield in a report on Friday. CIBC raised their price objective on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. TD Securities upped their price target on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research report on Sunday, February 11th. Finally, BMO Capital Markets raised their price objective on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.15.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.