Brookfield Business Partners (BBU) Expected to Announce Earnings on Friday

Brookfield Business Partners (NYSE:BBU - Get Free Report) will likely be releasing its earnings data before the market opens on Friday, January 31st. Analysts expect Brookfield Business Partners to post earnings of $0.14 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The business services provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.39. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. The business had revenue of $9.23 billion during the quarter. During the same period last year, the firm earned $1.33 earnings per share. 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 Trading Down 0.1 %

BBU traded down $0.02 during midday trading on Friday, reaching $21.55. 15,813 shares of the company were exchanged, compared to its average volume of 18,348. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.95 and a current ratio of 1.17. The stock has a market capitalization of $1.60 billion, a P/E ratio of 2.66 and a beta of 1.50. The stock's 50-day simple moving average is $23.63 and its 200 day simple moving average is $22.24. Brookfield Business Partners has a one year low of $16.85 and a one year high of $26.75.

Brookfield Business Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.063 per share. The ex-dividend date was Friday, November 29th. This represents a $0.25 dividend on an annualized basis and a yield of 1.17%. This is a boost from Brookfield Business Partners's previous quarterly dividend of $0.06. Brookfield Business Partners's payout ratio is currently 3.09%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their price objective on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $32.00.

About Brookfield Business Partners

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.