Brookfield Business Partners (BBU) Releases Earnings Results

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Brookfield Business Partners (NYSE:BBU) posted its quarterly earnings results on Friday. The business services provider reported $1.04 earnings per share for the quarter, Morningstar.com reports. Brookfield Business Partners had a net margin of 2.27% and a return on equity of 12.62%. The business had revenue of $10.21 billion for the quarter.

Brookfield Business Partners stock opened at $33.75 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 1.15. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 82.32 and a beta of 1.56. Brookfield Business Partners has a one year low of $29.82 and a one year high of $46.55.

Institutional investors have recently bought and sold shares of the business. Worth Venture Partners LLC acquired a new position in Brookfield Business Partners during the third quarter worth $104,000. Karpas Strategies LLC acquired a new position in Brookfield Business Partners during the third quarter worth $233,000. Signition LP acquired a new position in Brookfield Business Partners during the third quarter worth $279,000. PNC Financial Services Group Inc. increased its position in Brookfield Business Partners by 2,349.1% during the third quarter. PNC Financial Services Group Inc. now owns 8,131 shares of the business services provider’s stock worth $373,000 after buying an additional 7,799 shares during the last quarter. Finally, Steinberg Global Asset Management boosted its holdings in Brookfield Business Partners by 21.2% during the fourth quarter. Steinberg Global Asset Management now owns 15,181 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 2,655 shares during the period. 75.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on BBU shares. ValuEngine downgraded shares of Brookfield Business Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Royal Bank of Canada lowered their target price on shares of Brookfield Business Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. Credit Suisse Group initiated coverage on shares of Brookfield Business Partners in a research report on Friday, November 16th. They set a “buy” rating and a $54.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on shares of Brookfield Business Partners in a research report on Tuesday, November 20th. They set an “outperform” rating and a $47.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $47.60.

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Brookfield Business Partners Company Profile

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Earnings History for Brookfield Business Partners (NYSE:BBU)

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