Brookfield (BN) to Release Earnings on Thursday

Brookfield (NYSE:BN) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion during 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 revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. On average, analysts expect Brookfield to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brookfield Stock Performance

Shares of BN stock opened at $43.74 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. Brookfield has a 12-month low of $28.84 and a 12-month high of $43.99. The company has a market cap of $71.82 billion, a price-to-earnings ratio of 70.45 and a beta of 1.48. The stock has a 50 day simple moving average of $40.92 and a 200-day simple moving average of $38.42.

Brookfield Increases Dividend

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

Analyst Ratings Changes

BN has been the subject of a number of research analyst reports. TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. TD Securities raised their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. Royal Bank of Canada reduced their target price on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Scotiabank raised their price target on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets upped their price objective on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $47.25.

Insider Activity

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

About Brookfield

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.