Brookfield Business (NYSE:BBUC) Releases Earnings Results

Brookfield Business (NYSE:BBUCGet Free Report) announced its earnings results on Friday. The company reported $1.21 earnings per share for the quarter, Zacks reports. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%.

Brookfield Business Stock Down 5.8%

NYSE:BBUC opened at $29.62 on Friday. Brookfield Business has a 1 year low of $28.14 and a 1 year high of $38.25. The stock has a 50-day moving average price of $31.70 and a two-hundred day moving average price of $33.19. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of -65.82 and a beta of 1.25. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78.

Brookfield Business Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, August 31st. This represents a $0.25 annualized dividend and a yield of 0.8%. Brookfield Business’s payout ratio is currently -55.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on BBUC shares. Royal Bank Of Canada dropped their price objective on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce set a $41.50 target price on Brookfield Business in a research note on Monday, May 11th. Weiss Ratings downgraded Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. TD Cowen assumed coverage on Brookfield Business in a research note on Tuesday, June 9th. They set a “hold” rating and a $34.00 price target on the stock. Finally, National Bank Financial cut their price target on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.60.

Read Our Latest Stock Analysis on Brookfield Business

Hedge Funds Weigh In On Brookfield Business

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in Brookfield Business by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 23,174 shares of the company’s stock worth $831,000 after purchasing an additional 6,439 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Brookfield Business by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company’s stock worth $488,000 after buying an additional 993 shares during the period. Marshall Wace LLP bought a new position in Brookfield Business in the fourth quarter valued at approximately $1,402,000. Wells Fargo & Company MN lifted its stake in Brookfield Business by 54.2% in the fourth quarter. Wells Fargo & Company MN now owns 26,456 shares of the company’s stock valued at $949,000 after buying an additional 9,297 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Brookfield Business by 12.8% in the fourth quarter. TD Asset Management Inc now owns 43,597 shares of the company’s stock valued at $1,560,000 after buying an additional 4,952 shares during the period. Institutional investors own 85.04% of the company’s stock.

Trending Headlines about Brookfield Business

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Brookfield Business Company Profile

(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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