Research Analysts Issue Forecasts for BBU Q4 Earnings

Brookfield Business Partners L.P. (NYSE:BBU) – Stock analysts at National Bank Financial upped their Q4 2024 earnings per share (EPS) estimates for Brookfield Business Partners in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the business services provider will post earnings of $1.01 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $4.52 per share.

Brookfield Business Partners (NYSE:BBU) last released its quarterly earnings results on Friday, August 2nd. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.95). The firm had revenue of $11.95 billion for the quarter. Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. During the same quarter last year, the firm earned $0.85 EPS.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 target price on shares of Brookfield Business Partners in a report on Monday, August 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Brookfield Business Partners currently has a consensus rating of “Buy” and an average price target of $31.40.

Brookfield Business Partners Stock Performance

Shares of NYSE BBU opened at $22.46 on Friday. The stock’s 50-day moving average is $22.13 and its 200 day moving average is $20.27. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 3.45 and a beta of 1.45. Brookfield Business Partners has a 1-year low of $12.22 and a 1-year high of $24.96. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 2.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Brookfield Business Partners by 3.1% in the second quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider’s stock worth $15,036,000 after purchasing an additional 22,886 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Brookfield Business Partners by 12.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider’s stock worth $12,910,000 after buying an additional 77,017 shares during the period. AYAL Capital Advisors Ltd grew its position in shares of Brookfield Business Partners by 97.4% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock worth $848,000 after buying an additional 22,200 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Brookfield Business Partners by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider’s stock valued at $770,000 after buying an additional 608 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Brookfield Business Partners by 35.7% during the first quarter. Principal Financial Group Inc. now owns 88,434 shares of the business services provider’s stock valued at $1,954,000 after acquiring an additional 23,258 shares in the last quarter. Institutional investors own 85.04% of the company’s stock.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure 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.