Brookfield Wealth Solutions (NYSE:BNT) Issues Quarterly Earnings Results

Brookfield Wealth Solutions (NYSE:BNT) announced its earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, Zacks reports. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.15%.

Brookfield Wealth Solutions Stock Performance

BNT stock traded down $0.26 during midday trading on Friday, reaching $40.95. The stock had a trading volume of 3,001 shares, compared to its average volume of 22,599. The firm has a fifty day simple moving average of $38.33 and a two-hundred day simple moving average of $42.68. Brookfield Wealth Solutions has a 52-week low of $35.62 and a 52-week high of $49.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $13.84 billion, a PE ratio of 157.51 and a beta of 1.45.

Brookfield Wealth Solutions Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, December 16th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is 107.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BNT shares. Wall Street Zen raised Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings downgraded shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions Ltd. provides insurance and retirement services, including annuities, life insurance and solutions that help organizations manage long-term pension obligations. Its business focuses on protecting policyholders and supporting retirement income needs. The company operates primarily in North America and serves individuals, businesses and institutional clients. Its offerings include retirement savings and income products distributed through financial professionals and other channels.