Brookfield Business Partners (NYSE:BBU) Posts Quarterly Earnings Results, Beats Estimates By $1.33 EPS

Brookfield Business Partners (NYSE:BBU) posted its quarterly earnings results on Friday. The business services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $0.14 by $1.33, Zacks reports. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%.

Brookfield Business Partners Trading Up 0.7 %

BBU stock traded up $0.15 during midday trading on Friday, hitting $21.88. 5,843 shares of the company’s stock were exchanged, compared to its average volume of 19,047. The business has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $22.32. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $1.62 billion, a PE ratio of 2.70 and a beta of 1.50. Brookfield Business Partners has a 1-year low of $16.85 and a 1-year high of $26.75.

Brookfield Business Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.063 per share. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.25 annualized dividend and a yield of 1.15%. Brookfield Business Partners’s dividend payout ratio (DPR) is 3.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets increased their price target on Brookfield Business Partners from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Scotiabank increased their price target on Brookfield Business Partners from $30.00 to $32.00 and gave the company a “sector outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.80.

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.