Desjardins Analysts Boost Earnings Estimates for BBU

Brookfield Business Partners L.P. (NYSE:BBU) – Equities researchers at Desjardins lifted their Q4 2024 EPS estimates for Brookfield Business Partners in a research note issued to investors on Sunday, November 10th. Desjardins analyst G. Ho now anticipates that the business services provider will post earnings of $1.21 per share for the quarter, up from their prior forecast of $1.08. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $4.52 per share. Desjardins also issued estimates for Brookfield Business Partners’ FY2025 earnings at $5.04 EPS and FY2026 earnings at $5.73 EPS.

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $32.00 target price on shares of Brookfield Business Partners in a research note on Monday, August 5th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $31.40.

Brookfield Business Partners Stock Down 2.3 %

BBU opened at $24.45 on Tuesday. Brookfield Business Partners has a fifty-two week low of $14.44 and a fifty-two week high of $25.64. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.00 and a quick ratio of 0.74. The firm’s fifty day moving average price is $22.57 and its two-hundred day moving average price is $20.50. The company has a market capitalization of $1.82 billion, a P/E ratio of 3.09 and a beta of 1.45.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.39. Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. The firm had revenue of $9.23 billion for the quarter. During the same quarter in the prior year, the firm earned $1.33 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BBU. K2 Principal Fund L.P. raised its holdings in shares of Brookfield Business Partners by 58.3% in the first quarter. K2 Principal Fund L.P. now owns 156,353 shares of the business services provider’s stock valued at $3,455,000 after buying an additional 57,553 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Brookfield Business Partners in the second quarter valued at about $307,000. Principal Financial Group Inc. raised its holdings in shares of Brookfield Business Partners by 2.0% in the second quarter. Principal Financial Group Inc. now owns 90,242 shares of the business services provider’s stock valued at $1,701,000 after buying an additional 1,808 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Brookfield Business Partners by 3.1% in the second quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider’s stock valued at $15,036,000 after buying an additional 22,886 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Brookfield Business Partners by 12.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider’s stock worth $12,910,000 after purchasing an additional 77,017 shares during the last quarter. 85.04% of the stock is owned by institutional investors.

Brookfield Business Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, November 29th. Brookfield Business Partners’s payout ratio is currently 3.09%.

Brookfield Business Partners Company Profile

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.