Brookfield Asset Management (BAM) to Release Earnings on Monday

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A is scheduled to issue its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Friday, August 9th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Brookfield Asset Management had a return on equity of 92.37% and a net margin of 51.29%. The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $0.28 EPS. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Price Performance

NYSE BAM traded up $0.92 during trading hours on Monday, hitting $53.38. 974,379 shares of the company's stock traded hands, compared to its average volume of 1,264,493. The firm's 50-day moving average is $45.63 and its 200-day moving average is $41.71. Brookfield Asset Management has a 52-week low of $28.35 and a 52-week high of $53.50. The company has a market capitalization of $23.69 billion, a PE ratio of 49.17, a PEG ratio of 2.26 and a beta of 1.56.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.85%. Brookfield Asset Management's payout ratio is currently 140.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BAM shares. Scotiabank reduced their target price on shares of Brookfield Asset Management from $46.00 to $45.50 and set a "sector outperform" rating on the stock in a report on Thursday, August 8th. Bank of America increased their target price on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. BMO Capital Markets raised their price objective on shares of Brookfield Asset Management from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, September 11th. Wells Fargo & Company raised their price objective on shares of Brookfield Asset Management from $42.00 to $48.00 and gave the company an "underweight" rating in a report on Wednesday, October 9th. Finally, CIBC increased their target price on shares of Brookfield Asset Management from $47.00 to $49.00 and gave the company an "outperformer" rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management presently has an average rating of "Hold" and an average price target of $46.41.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.