Brookfield Business Partners LP (NYSE:BBU) Expected to Announce Earnings of $1.54 Per Share

Wall Street analysts expect Brookfield Business Partners LP (NYSE:BBU) to report earnings of $1.54 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Brookfield Business Partners’ earnings. Brookfield Business Partners posted earnings of $1.04 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 48.1%. The company is scheduled to announce its next earnings report on Friday, February 14th.

According to Zacks, analysts expect that Brookfield Business Partners will report full year earnings of $7.56 per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of $6.32 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Brookfield Business Partners.

Brookfield Business Partners (NYSE:BBU) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.80). The firm had revenue of $11.79 billion for the quarter. Brookfield Business Partners had a return on equity of 7.43% and a net margin of 1.40%.

A number of research firms recently issued reports on BBU. Zacks Investment Research raised shares of Brookfield Business Partners from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, December 17th. TheStreet cut Brookfield Business Partners from a “c-” rating to a “d” rating in a report on Thursday, November 7th. National Bank Financial reaffirmed an “outperform” rating and set a $45.00 price target on shares of Brookfield Business Partners in a research note on Friday, October 18th. Finally, ValuEngine downgraded Brookfield Business Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Brookfield Business Partners presently has an average rating of “Buy” and an average price target of $46.40.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC acquired a new stake in Brookfield Business Partners in the third quarter valued at approximately $59,000. Tower Research Capital LLC TRC increased its stake in Brookfield Business Partners by 6,910.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,767 shares of the business services provider’s stock worth $187,000 after purchasing an additional 4,699 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Brookfield Business Partners in the second quarter worth $293,000. Colony Group LLC bought a new position in shares of Brookfield Business Partners in the second quarter valued at $584,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Brookfield Business Partners by 240.9% during the 2nd quarter. Wells Fargo & Company MN now owns 16,415 shares of the business services provider’s stock worth $629,000 after buying an additional 11,600 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BBU stock opened at $41.52 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 2.16. The firm has a market cap of $2.75 billion, a P/E ratio of 37.41 and a beta of 1.46. The business has a 50-day moving average price of $40.97 and a two-hundred day moving average price of $38.49. Brookfield Business Partners has a 12-month low of $29.82 and a 12-month high of $42.36.

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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