Brookfield Asset Management (BAM) Set to Announce Quarterly Earnings on Wednesday

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. The business had revenue of $1.13 billion for the quarter. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Stock Performance

Shares of NYSE:BAM opened at $39.13 on Monday. Brookfield Asset Management has a 52-week low of $28.35 and a 52-week high of $43.00. The firm has a market capitalization of $16.17 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.51 and a beta of 1.72. The stock has a 50 day moving average price of $40.66 and a 200-day moving average price of $38.07.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 annualized dividend and a yield of 3.88%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 134.51%.

Analyst Upgrades and Downgrades

BAM has been the topic of several research reports. CIBC boosted their price objective on shares of Brookfield Asset Management from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. TD Securities dropped their price target on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a research report on Tuesday, January 9th. Scotiabank raised their price objective on Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 8th. HSBC downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets raised their price target on Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.