Brookfield (NYSE:BN - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13, Zacks reports. Brookfield had a return on equity of 3.74% and a net margin of 1.00%.
Brookfield Price Performance
NYSE:BN traded up $0.50 during trading hours on Monday, reaching $60.88. The company had a trading volume of 2,339,349 shares, compared to its average volume of 2,124,467. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $100.20 billion, a PE ratio of 129.53 and a beta of 1.57. The stock has a 50-day moving average of $58.44 and a two-hundred day moving average of $54.61. Brookfield has a one year low of $38.18 and a one year high of $62.78.
Brookfield Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 68.09%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank boosted their target price on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets restated an "outperform" rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.00.
Read Our Latest Analysis on Brookfield
Brookfield Company Profile
(
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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.
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