Brookfield Business (NYSE:BBUC) Posts Earnings Results, Misses Estimates By $1.16 EPS

Brookfield Business (NYSE:BBUC – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.16), Zacks reports. Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%.

Brookfield Business Price Performance

BBUC stock traded down $0.57 during midday trading on Friday, reaching $29.67. The stock had a trading volume of 141,143 shares, compared to its average volume of 308,072. Brookfield Business has a 52-week low of $24.80 and a 52-week high of $38.25. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 2.92. The company’s fifty day simple moving average is $26.89 and its 200 day simple moving average is $31.17. The company has a market cap of $6.10 billion, a price-to-earnings ratio of -76.04 and a beta of 1.32.

Brookfield Business Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, November 30th will be issued a $0.0625 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. Brookfield Business’s dividend payout ratio (DPR) is presently -64.10%.

Key Brookfield Business News

Here are the key news stories impacting Brookfield Business this week:

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BBUC shares. Royal Bank Of Canada downgraded shares of Brookfield Business from an “outperform” rating to a “sector perform” rating and set a $34.00 price objective on the stock. in a report on Friday. National Bank Financial cut their target price on shares of Brookfield Business from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Scotiabank set a $40.50 price target on shares of Brookfield Business in a research report on Friday, July 24th. Finally, TD Cowen decreased their price target on shares of Brookfield Business from $32.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.17.

Get Our Latest Stock Analysis on Brookfield Business

Brookfield Business Company Profile

(Get Free Report)

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded corporation that provides investors with an interest in the operations of Brookfield Business Partners, a global owner and operator of business services, infrastructure services and industrial companies. BBUC’s shares are designed to provide economic exposure substantially equivalent to units of Brookfield Business Partners L.P., while offering a corporate share structure.

Through its portfolio companies, Brookfield Business Partners is involved in essential and often service-oriented activities, including healthcare services, construction and infrastructure services, industrial operations, energy-related businesses and other business services.

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