Brookfield (NYSE:BN) Issues Quarterly Earnings Results

Brookfield (NYSE:BN) announced its quarterly earnings results on Thursday. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13, Zacks reports. Brookfield had a net margin of 1.00% and a return on equity of 3.74%.

Brookfield Stock Up 0.8 %

Shares of Brookfield stock traded up $0.50 on Friday, reaching $60.88. 2,339,349 shares of the company were exchanged, compared to its average volume of 2,124,467. Brookfield has a 1-year low of $38.18 and a 1-year high of $62.78. The company has a market cap of $100.20 billion, a P/E ratio of 129.53 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The stock’s 50 day moving average price is $58.44 and its 200-day moving average price is $54.53.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.59%. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Ratings Changes

BN has been the topic of several recent research reports. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.