Desjardins Issues Positive Estimate for BBU Earnings

Brookfield Business Partners L.P. (NYSE:BBU - Free Report) - Research analysts at Desjardins upped their Q4 2024 EPS estimates for Brookfield Business Partners in a research note issued to investors on Sunday, November 10th. Desjardins analyst G. Ho now anticipates that the business services provider will post earnings of $1.21 per share for the quarter, up from their prior forecast of $1.08. The consensus estimate for Brookfield Business Partners' current full-year earnings is $4.52 per share. Desjardins also issued estimates for Brookfield Business Partners' FY2025 earnings at $5.04 EPS and FY2026 earnings at $5.73 EPS.

Separately, Royal Bank of Canada reissued an "outperform" rating and issued a $32.00 target price on shares of Brookfield Business Partners in a research report on Monday, August 5th. Five equities 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 stock has an average rating of "Buy" and a consensus target price of $31.40.

Brookfield Business Partners Trading Down 2.6 %

Shares of BBU stock traded down $0.65 on Tuesday, hitting $24.38. The company had a trading volume of 14,202 shares, compared to its average volume of 14,116. The firm has a market cap of $1.81 billion, a P/E ratio of 3.09 and a beta of 1.45. The stock's 50-day moving average is $22.57 and its two-hundred day moving average is $20.50. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.74 and a current ratio of 1.00. Brookfield Business Partners has a twelve month low of $14.44 and a twelve month high of $25.64.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.39. The business had revenue of $9.23 billion for the quarter. Brookfield Business Partners had a return on equity of 21.76% and a net margin of 7.34%. During the same period last year, the company earned $1.33 EPS.

Hedge Funds Weigh In On Brookfield Business Partners

A number of institutional investors have recently modified their holdings of BBU. Bank of Montreal Can lifted its holdings in Brookfield Business Partners by 3.1% during the 2nd quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider's stock worth $15,036,000 after buying an additional 22,886 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Brookfield Business Partners by 12.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider's stock valued at $12,910,000 after purchasing an additional 77,017 shares during the last quarter. AYAL Capital Advisors Ltd increased its stake in shares of Brookfield Business Partners by 97.4% in the second quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider's stock worth $848,000 after purchasing an additional 22,200 shares during the period. The Manufacturers Life Insurance Company increased its stake in Brookfield Business Partners by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider's stock valued at $770,000 after acquiring an additional 608 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Brookfield Business Partners in the 2nd quarter worth approximately $307,000. Institutional investors and hedge funds own 85.04% of the company's stock.

Brookfield Business Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Brookfield Business Partners's previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 1.03%. Brookfield Business Partners's payout ratio is currently 3.09%.

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.