Brookfield Business Partners (NYSE:BBU) Posts Quarterly Earnings Results, Beats Estimates By $1.33 EPS

Brookfield Business Partners (NYSE:BBU) released its quarterly earnings data on Friday. The business services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $1.33, Zacks reports. Brookfield Business Partners had a net margin of 11.77% and a return on equity of 30.68%.

Brookfield Business Partners Trading Up 0.9 %

NYSE BBU opened at $21.93 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12. The business has a fifty day simple moving average of $23.30 and a 200 day simple moving average of $22.32. Brookfield Business Partners has a 12 month low of $16.85 and a 12 month high of $26.75. The firm has a market capitalization of $1.63 billion, a P/E ratio of 2.71 and a beta of 1.50.

Brookfield Business Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.25 annualized dividend and a yield of 1.15%. This is an increase from Brookfield Business Partners’s previous quarterly dividend of $0.06. Brookfield Business Partners’s dividend payout ratio is 3.09%.

Wall Street Analysts Forecast Growth

BBU has been the topic of several recent research reports. BMO Capital Markets increased their price target on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Scotiabank increased their target price on Brookfield Business Partners from $30.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Brookfield Business Partners presently has a consensus rating of “Buy” and a consensus price target of $32.80.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure 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.