QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)
QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)
QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)
QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
TSLA   791.36 (+2.19%)
AMZN   3,405.80 (-0.58%)
NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)

Brookfield Asset Management Inc. (NYSE:BAM) Expected to Announce Earnings of $0.79 Per Share

Wednesday, September 15, 2021 | MarketBeat

Brokerages expect Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) to report earnings per share (EPS) of $0.79 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Brookfield Asset Management's earnings. Brookfield Asset Management reported earnings of $0.10 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 690%. The firm is expected to announce its next earnings results on Thursday, November 11th.

On average, analysts expect that Brookfield Asset Management will report full year earnings of $2.17 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $2.34 per share. Zacks' earnings per share calculations are an average based on a survey of analysts that follow Brookfield Asset Management.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Wednesday, August 11th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.26). Brookfield Asset Management had a net margin of 4.21% and a return on equity of 2.43%. The company had revenue of $18.29 billion during the quarter. During the same period in the prior year, the business posted ($0.43) EPS.

A number of analysts recently weighed in on the company. Citigroup assumed coverage on Brookfield Asset Management in a report on Thursday, August 12th. They issued a "buy" rating and a $68.00 price objective for the company. Royal Bank of Canada increased their price objective on Brookfield Asset Management from $59.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, August 13th. Scotiabank increased their price objective on Brookfield Asset Management from $62.50 to $63.00 and gave the company an "outperform" rating in a report on Monday, August 16th. TD Securities increased their price objective on Brookfield Asset Management from $70.00 to $71.00 and gave the company an "action list buy" rating in a report on Sunday, August 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Brookfield Asset Management from $57.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, June 18th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Brookfield Asset Management currently has a consensus rating of "Buy" and an average target price of $56.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Timber Creek Capital Management LLC raised its position in Brookfield Asset Management by 4.3% in the 2nd quarter. Timber Creek Capital Management LLC now owns 231,276 shares of the financial services provider's stock worth $11,790,000 after purchasing an additional 9,640 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brookfield Asset Management by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,798 shares of the financial services provider's stock worth $12,943,000 after buying an additional 17,664 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Brookfield Asset Management by 15.8% in the first quarter. Blair William & Co. IL now owns 128,599 shares of the financial services provider's stock worth $7,352,000 after buying an additional 17,564 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Brookfield Asset Management by 34.2% in the first quarter. Ritholtz Wealth Management now owns 9,873 shares of the financial services provider's stock worth $439,000 after buying an additional 2,514 shares in the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in shares of Brookfield Asset Management by 0.5% in the first quarter. Tandem Capital Management Corp ADV now owns 146,844 shares of the financial services provider's stock worth $6,535,000 after buying an additional 790 shares in the last quarter. 61.37% of the stock is owned by institutional investors.

NYSE BAM traded up $0.26 on Wednesday, reaching $55.46. The company had a trading volume of 65,595 shares, compared to its average volume of 2,676,939. The firm has a market cap of $86.97 billion, a price-to-earnings ratio of 31.50 and a beta of 1.25. Brookfield Asset Management has a fifty-two week low of $29.09 and a fifty-two week high of $57.83. The business has a 50 day moving average of $54.28 and a two-hundred day moving average of $49.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.04 and a quick ratio of 0.86.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Stockholders of record on Tuesday, August 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, August 30th. Brookfield Asset Management's dividend payout ratio is currently -433.33%.

Brookfield Asset Management Company Profile

Brookfield Asset Management, Inc engages in the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: Asset Management, Real Estate, Renewable Power, Infrastructure, Private Equity, Residential Development, and Corporate Activities.

Featured Story: What is a put option?

Get a free copy of the Zacks research report on Brookfield Asset Management (BAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Brookfield Asset Management right now?

Before you consider Brookfield Asset Management, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Asset Management wasn't on the list.

While Brookfield Asset Management currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.