Brookfield (BN) to Release Quarterly Earnings on Thursday

Brookfield (NYSE:BN) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect Brookfield to post earnings of $0.73 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The company had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. On average, analysts expect Brookfield to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Price Performance

Shares of NYSE:BN opened at $43.68 on Tuesday. The company’s 50-day moving average is $40.87 and its 200 day moving average is $38.34. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The company has a market capitalization of $71.72 billion, a P/E ratio of 70.45 and a beta of 1.48. Brookfield has a fifty-two week low of $28.84 and a fifty-two week high of $43.72.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a $0.08 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, March 12th. Brookfield’s payout ratio is 51.61%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada cut their price target on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Scotiabank increased their target price on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.25.

Insider Transactions at Brookfield

In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

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.