Brookfield (BN) to Release Earnings on Thursday

Brookfield (NYSE:BN - Get Free Report) will release its earnings data before the market opens on Thursday, November 14th. Analysts expect Brookfield to post earnings of $0.81 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.57. The company had revenue of $23.05 billion during the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. On average, analysts expect Brookfield to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brookfield Stock Up 1.0 %

BN stock traded up $0.55 during mid-day trading on Thursday, hitting $57.53. 1,224,289 shares of the company were exchanged, compared to its average volume of 2,820,811. Brookfield has a twelve month low of $31.43 and a twelve month high of $57.78. The firm has a fifty day simple moving average of $52.18 and a 200 day simple moving average of $46.86. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $94.71 billion, a PE ratio of 99.17 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BN. TD Securities boosted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, August 12th. Scotiabank boosted their price objective on shares of Brookfield from $51.25 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada decreased their target price on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.31.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.