Brookfield (NYSE:BN) Announces Earnings Results

Brookfield (NYSE:BN - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13, Zacks reports. The business had revenue of $22.91 billion during the quarter. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. During the same period last year, the firm posted $0.72 earnings per share.

Brookfield Price Performance

Shares of NYSE:BN traded down $0.03 during trading on Friday, reaching $44.22. The company had a trading volume of 4,213,500 shares, compared to its average volume of 2,858,654. Brookfield has a twelve month low of $28.84 and a twelve month high of $44.50. The firm has a market capitalization of $72.61 billion, a PE ratio of 71.32 and a beta of 1.48. The firm's fifty day moving average is $41.10 and its 200 day moving average is $38.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. Brookfield's dividend payout ratio is presently 51.61%.

Analyst Ratings Changes

Several analysts have commented on BN shares. Royal Bank of Canada reduced their price objective on Brookfield from $53.00 to $51.00 and set an "outperform" rating for the company in a research note on Monday, April 29th. TD Securities boosted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research note on Sunday, February 11th. JPMorgan Chase & Co. lifted their target price on shares of Brookfield from $48.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. BMO Capital Markets increased their price target on shares of Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. Finally, Canaccord Genuity Group raised their price target on Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.10.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares of the company's stock, valued at $175,526,263.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.