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

Wall Street analysts expect Brookfield Business Partners LP (NYSE:BBU) to report earnings per share of $1.54 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Brookfield Business Partners’ earnings. Brookfield Business Partners reported earnings per share of $1.04 in the same quarter last year, which would suggest a positive year over year growth rate of 48.1%. The firm is expected to report its next earnings report on Friday, February 14th.

According to Zacks, analysts expect that Brookfield Business Partners will report full year earnings of $7.13 per share for the current financial year. For the next financial year, analysts anticipate that the company will report earnings of $6.07 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Brookfield Business Partners.

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

BBU has been the subject of a number of research analyst reports. TheStreet lowered Brookfield Business Partners from a “c-” rating to a “d” rating in a report on Thursday, November 7th. National Bank Financial restated an “outperform” rating and issued a $45.00 target price on shares of Brookfield Business Partners in a report on Friday, October 18th. Finally, ValuEngine lowered Brookfield Business Partners from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in shares of Brookfield Business Partners in the third quarter worth $59,000. Colony Group LLC increased its stake in shares of Brookfield Business Partners by 13.1% in the third quarter. Colony Group LLC now owns 17,244 shares of the business services provider’s stock worth $678,000 after acquiring an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Brookfield Business Partners by 6,910.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,767 shares of the business services provider’s stock worth $187,000 after acquiring an additional 4,699 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Brookfield Business Partners in the third quarter worth $814,000. Finally, K.J. Harrison & Partners Inc increased its stake in shares of Brookfield Business Partners by 42.2% in the third quarter. K.J. Harrison & Partners Inc now owns 91,000 shares of the business services provider’s stock worth $3,565,000 after acquiring an additional 27,000 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

Shares of BBU traded up $0.34 during mid-day trading on Wednesday, reaching $41.79. The company’s stock had a trading volume of 30,800 shares, compared to its average volume of 32,554. The business has a fifty day moving average of $40.35 and a 200 day moving average of $38.22. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 37.65 and a beta of 1.46. Brookfield Business Partners has a 1 year low of $29.82 and a 1 year high of $42.00. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 2.16.

About Brookfield Business Partners

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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