Brookfield Business (NYSE:BBUC) Issues Quarterly Earnings Results, Beats Estimates By $997.69 EPS

Brookfield Business (NYSE:BBUCGet Free Report) posted its earnings results on Friday. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $1.31 by $997.69, reports. Brookfield Business had a net margin of 1.41% and a return on equity of 2.67%. The firm had revenue of $6.44 billion for the quarter.

Brookfield Business Stock Down 8.3%

Shares of NYSE BBUC traded down $2.80 on Friday, reaching $30.81. 507,326 shares of the company’s stock traded hands, compared to its average volume of 240,435. The company has a 50 day moving average of $33.19. Brookfield Business has a 12 month low of $27.64 and a 12 month high of $38.25. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 2.91. The stock has a market cap of $6.38 billion, a P/E ratio of -118.52 and a beta of 1.27.

Brookfield Business Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. Brookfield Business’s dividend payout ratio (DPR) is currently -96.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BBUC shares. Zacks Research upgraded shares of Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Scotiabank upped their target price on shares of Brookfield Business from $40.00 to $41.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of Brookfield Business from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Business presently has an average rating of “Hold” and a consensus target price of $41.00.

Check Out Our Latest Stock Report on Brookfield Business

Trending Headlines about Brookfield Business

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Institutional Investors Weigh In On Brookfield Business

Institutional investors have recently made changes to their positions in the company. Jump Financial LLC bought a new position in Brookfield Business in the fourth quarter worth approximately $240,000. Franklin Resources Inc. raised its position in shares of Brookfield Business by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock valued at $262,000 after purchasing an additional 482 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Brookfield Business during the 4th quarter valued at $280,000. Susquehanna Advisors Group Inc. bought a new stake in shares of Brookfield Business during the 4th quarter valued at $298,000. Finally, Mariner LLC raised its position in shares of Brookfield Business by 14.3% during the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock valued at $434,000 after purchasing an additional 1,515 shares during the period. Hedge funds and other institutional investors own 85.04% of the company’s stock.

About Brookfield Business

(Get Free Report)

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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