Brookfield Business Partners (BBU) Scheduled to Post Earnings on Friday

Brookfield Business Partners (NYSE:BBU) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Brookfield Business Partners to post earnings of $1.00 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU) last announced its earnings results on Friday, August 2nd. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.86 by ($0.95). Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. The company had revenue of $11.95 billion during the quarter. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, analysts expect Brookfield Business Partners to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Stock Up 2.1 %

Brookfield Business Partners stock opened at $22.46 on Friday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 3.52 and a beta of 1.45. Brookfield Business Partners has a 52-week low of $12.22 and a 52-week high of $24.96. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.74 and a current ratio of 1.00. The firm has a 50 day moving average price of $22.13 and a two-hundred day moving average price of $20.27.

Wall Street Analysts Forecast Growth

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

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.