Brookfield Business Partners L.P. (NYSE:BBU) – Equities research analysts at National Bank Financial increased their FY2021 earnings per share estimates for shares of Brookfield Business Partners in a report issued on Wednesday, May 5th. National Bank Financial analyst J. Gloyn now expects that the business services provider will earn $8.88 per share for the year, up from their previous estimate of $7.25. National Bank Financial currently has a “Outperform” rating and a $56.00 target price on the stock. National Bank Financial also issued estimates for Brookfield Business Partners’ FY2022 earnings at $7.70 EPS.
Brookfield Business Partners (NYSE:BBU) last issued its quarterly earnings data on Tuesday, May 4th. The business services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $1.68 by $1.89. Brookfield Business Partners had a negative return on equity of 1.66% and a negative net margin of 0.43%.
Shares of BBU stock opened at $45.78 on Monday. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -19.15 and a beta of 1.65. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.22 and a quick ratio of 0.92. The business has a fifty day moving average of $41.88 and a 200 day moving average of $38.63. Brookfield Business Partners has a 1 year low of $24.82 and a 1 year high of $49.11.
Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of Brookfield Business Partners by 95.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,175,461 shares of the business services provider’s stock worth $59,631,000 after acquiring an additional 573,538 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Brookfield Business Partners by 10.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,523,381 shares of the business services provider’s stock worth $133,360,000 after purchasing an additional 337,598 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Brookfield Business Partners during the first quarter worth $4,297,000. Toronto Dominion Bank grew its stake in shares of Brookfield Business Partners by 60.4% during the fourth quarter. Toronto Dominion Bank now owns 257,802 shares of the business services provider’s stock worth $9,702,000 after purchasing an additional 97,107 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Brookfield Business Partners by 287.6% in the fourth quarter. Renaissance Technologies LLC now owns 103,500 shares of the business services provider’s stock valued at $3,904,000 after acquiring an additional 76,800 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Friday, May 28th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, May 27th. Brookfield Business Partners’s payout ratio is 30.65%.
Brookfield Business Partners Company Profile
Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business 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. Brookfield Business Partners L.P.
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