Brookfield Business Corp (BBUC) To Go Ex-Dividend on August 31st

Brookfield Business Corp (NYSE:BBUC) announced a quarterly dividend on Friday, July 31st. Investors of record on Monday, August 31st will be given a dividend of 0.0625 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Business Trading Down 5.8%

NYSE:BBUC opened at $29.62 on Friday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -75.95 and a beta of 1.25. Brookfield Business has a 52 week low of $28.14 and a 52 week high of $38.25. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. The firm has a 50 day moving average of $31.70 and a 200 day moving average of $33.19.

Brookfield Business (NYSE:BBUC) last released its quarterly earnings results on Friday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%. The business had revenue of $6.50 billion for the quarter. As a group, sell-side analysts anticipate that Brookfield Business will post 5.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BBUC shares. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. Scotiabank set a $40.50 target price on Brookfield Business in a research note on Friday, July 24th. Wall Street Zen lowered Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday. TD Cowen assumed coverage on Brookfield Business in a research note on Tuesday, June 9th. They issued a “hold” rating and a $34.00 price target for the company. Finally, Royal Bank Of Canada lowered their price target on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Brookfield Business currently has a consensus rating of “Hold” and an average target price of $39.60.

Brookfield Business Company Profile

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.