Brookfield Business Partners (BBU) Scheduled to Post Earnings on Friday

Brookfield Business Partners (NYSE:BBU - Get Free Report) is set to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last issued its earnings results on Friday, February 2nd. The business services provider reported $6.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $5.67. The firm had revenue of $13.41 billion for the quarter. Brookfield Business Partners had a net margin of 6.86% and a return on equity of 21.74%. During the same quarter in the prior year, the company posted $1.49 EPS. On average, analysts expect Brookfield Business Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Business Partners Stock Up 1.9 %

Shares of NYSE BBU traded up $0.36 during midday trading on Friday, hitting $19.36. The stock had a trading volume of 10,089 shares, compared to its average volume of 15,352. The business's 50 day moving average is $21.09 and its 200-day moving average is $19.07. The company has a market cap of $1.44 billion, a P/E ratio of 2.93 and a beta of 1.41. Brookfield Business Partners has a 52 week low of $12.22 and a 52 week high of $23.75. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 2.22.

Brookfield Business Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 1.29%. Brookfield Business Partners's payout ratio is 3.85%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Brookfield Business Partners from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. TheStreet cut shares of Brookfield Business Partners from a "c" rating to a "d+" rating in a report on Wednesday, March 13th. National Bankshares upped their target price on shares of Brookfield Business Partners from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Scotiabank upped their target price on shares of Brookfield Business Partners from $26.50 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, February 5th. Finally, Desjardins upped their target price on shares of Brookfield Business Partners from $31.00 to $32.00 and gave the company a "buy" rating in a report on Monday, February 5th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $29.67.

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.