Research Analysts Issue Forecasts for BBU Q4 Earnings

Brookfield Business Partners L.P. (NYSE:BBU - Free Report) - National Bank Financial raised their Q4 2024 EPS estimates for shares of Brookfield Business Partners in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the business services provider will post earnings of $1.01 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Brookfield Business Partners' current full-year earnings is $4.52 per share.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.95). The company had revenue of $11.95 billion during the quarter. Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. During the same period in the previous year, the company earned $0.85 EPS.

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a $32.00 price target on shares of Brookfield Business Partners in a research report on Monday, August 5th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Brookfield Business Partners currently has an average rating of "Buy" and an average price target of $31.40.

Brookfield Business Partners Stock Performance

Shares of BBU traded up $0.22 during midday trading on Friday, reaching $22.49. 4,118 shares of the stock were exchanged, compared to its average volume of 14,044. Brookfield Business Partners has a twelve month low of $13.00 and a twelve month high of $24.96. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.00 and a quick ratio of 0.74. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 3.45 and a beta of 1.45. The business's 50-day moving average price is $22.13 and its 200 day moving average price is $20.27.

Hedge Funds Weigh In On Brookfield Business Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Intact Investment Management Inc. purchased a new stake in Brookfield Business Partners during the 3rd quarter valued at approximately $45,000. Bank of New York Mellon Corp acquired a new position in shares of Brookfield Business Partners in the second quarter valued at approximately $307,000. Gold Investment Management Ltd. raised its stake in shares of Brookfield Business Partners by 7.4% during the third quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider's stock worth $739,000 after purchasing an additional 2,169 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 worth $770,000 after purchasing an additional 608 shares during the period. Finally, AYAL Capital Advisors Ltd grew its position in Brookfield Business Partners by 97.4% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider's stock valued at $848,000 after buying an additional 22,200 shares during the last quarter. Hedge funds and other institutional investors own 85.04% of the company's stock.

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.