Research Analysts Issue Forecasts for BBU FY2025 Earnings

Brookfield Business Partners L.P. (NYSE:BBU) – Analysts at National Bank Financial reduced their FY2025 earnings per share estimates for shares of Brookfield Business Partners in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the business services provider will earn $5.25 per share for the year, down from their previous estimate of $5.47. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $5.26 per share.

Brookfield Business Partners (NYSE:BBU) last issued its earnings results on Friday, January 31st. The business services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.00%.

Several other equities analysts also recently issued reports on the stock. Scotiabank boosted their price target on shares of Brookfield Business Partners from $32.00 to $33.00 and gave the company a “sector outperform” rating in a report on Monday. Royal Bank of Canada reduced their target price on shares of Brookfield Business Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday. Finally, BMO Capital Markets raised their price target on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brookfield Business Partners currently has a consensus rating of “Buy” and a consensus price target of $32.60.

Brookfield Business Partners Stock Up 2.0 %

NYSE:BBU opened at $21.96 on Wednesday. The stock has a 50 day moving average of $23.17 and a 200-day moving average of $22.37. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 2.12. Brookfield Business Partners has a 52 week low of $16.85 and a 52 week high of $26.75.

Brookfield Business Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.14%. Brookfield Business Partners’s dividend payout ratio (DPR) is -51.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intact Investment Management Inc. bought a new stake in Brookfield Business Partners during the third quarter worth approximately $45,000. Bank of New York Mellon Corp grew its holdings in shares of Brookfield Business Partners by 8.9% in the 4th quarter. Bank of New York Mellon Corp now owns 17,724 shares of the business services provider’s stock worth $415,000 after acquiring an additional 1,448 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in Brookfield Business Partners by 7.4% during the 3rd quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider’s stock worth $739,000 after buying an additional 2,169 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookfield Business Partners by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider’s stock worth $770,000 after buying an additional 608 shares during the period. Finally, Tandem Capital Management Corp ADV raised its holdings in shares of Brookfield Business Partners by 24.5% during the third quarter. Tandem Capital Management Corp ADV now owns 40,281 shares of the business services provider’s stock valued at $890,000 after acquiring an additional 7,939 shares during the period. 85.04% of the stock is currently owned by institutional investors.

Brookfield Business Partners Company Profile

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.