Brookfield Business Partners L.P. (NYSE:BBU - Free Report) - Investment analysts at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for Brookfield Business Partners in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the business services provider will post earnings per share of $5.25 for the year, down from their prior forecast of $5.47. The consensus estimate for Brookfield Business Partners' current full-year earnings is $5.25 per share.
Several other analysts have also issued reports on the stock. Scotiabank upped their price target on shares of Brookfield Business Partners from $32.00 to $33.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price objective on Brookfield Business Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets upped their price target on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Three 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 data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $32.33.
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Brookfield Business Partners Trading Up 1.6 %
Shares of BBU traded up $0.36 during mid-day trading on Wednesday, reaching $22.74. The company's stock had a trading volume of 10,915 shares, compared to its average volume of 19,233. Brookfield Business Partners has a 52 week low of $16.85 and a 52 week high of $26.75. The stock has a market cap of $1.69 billion, a PE ratio of -46.42 and a beta of 1.50. The company's fifty day moving average price is $22.87 and its two-hundred day moving average price is $22.40. The company has a current ratio of 0.50, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12.
Brookfield Business Partners (NYSE:BBU - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.09%.
Brookfield Business Partners Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, February 28th. Brookfield Business Partners's payout ratio is -51.02%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BBU. Intact Investment Management Inc. bought a new stake in Brookfield Business Partners during the third quarter worth about $45,000. BBR Partners LLC purchased a new position in Brookfield Business Partners during the fourth quarter valued at $241,000. Bank of New York Mellon Corp raised its stake in Brookfield Business Partners by 8.9% during the fourth quarter. Bank of New York Mellon Corp now owns 17,724 shares of the business services provider's stock valued at $415,000 after buying an additional 1,448 shares during the last quarter. Gold Investment Management Ltd. boosted its holdings in Brookfield Business Partners by 7.4% in the third quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider's stock worth $739,000 after acquiring an additional 2,169 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Brookfield Business Partners by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider's stock worth $770,000 after acquiring an additional 608 shares during the last quarter. Institutional investors own 85.04% of the company's stock.
About Brookfield Business Partners
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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.
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