Brookfield Business (NYSE:BBUC) Posts Earnings Results, Misses Expectations By $1.12 EPS

Brookfield Business (NYSE:BBUC) issued its quarterly earnings data on Friday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.12), Zacks reports. The company had revenue of $6.44 billion for the quarter. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%.

Brookfield Business Price Performance

Shares of BBUC traded up $0.58 during mid-day trading on Thursday, reaching $30.66. The stock had a trading volume of 396,039 shares, compared to its average volume of 729,199. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of -68.13 and a beta of 1.25. The business has a fifty day moving average of $32.70 and a 200 day moving average of $33.92. Brookfield Business has a 12 month low of $28.29 and a 12 month high of $38.25. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43.

Brookfield Business Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Business’s payout ratio is presently -55.56%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BBUC. Canadian Imperial Bank of Commerce set a $41.50 price target on shares of Brookfield Business in a research note on Monday, May 11th. Zacks Research upgraded shares of Brookfield Business from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings cut shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. Royal Bank Of Canada reduced their price target on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Finally, National Bank Financial dropped their price target on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.90.

Hedge Funds Weigh In On Brookfield Business

A number of large investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Brookfield Business by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after buying an additional 482 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Brookfield Business by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company’s stock worth $488,000 after acquiring an additional 993 shares during the period. Mariner LLC boosted its position in Brookfield Business by 14.3% during the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock worth $434,000 after buying an additional 1,515 shares during the period. Bank of America Corp DE grew its stake in shares of Brookfield Business by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock worth $1,756,000 after acquiring an additional 3,348 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Brookfield Business by 12.8% in the 4th quarter. TD Asset Management Inc now owns 43,597 shares of the company’s stock worth $1,560,000 after acquiring an additional 4,952 shares during the last quarter. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Brookfield Business Company Profile

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.