Brookfield Business Partners (BBU) Set to Announce Earnings on Friday

Brookfield Business Partners (NYSE:BBU) is set to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Brookfield Business Partners to post earnings of $1.00 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Brookfield Business Partners Stock Up 1.8 %

Shares of BBU opened at $23.97 on Thursday. The company has a market cap of $1.78 billion, a PE ratio of 3.68 and a beta of 1.45. The business has a fifty day moving average of $22.30 and a 200 day moving average of $20.38. Brookfield Business Partners has a 52-week low of $14.21 and a 52-week high of $24.96. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 2.24.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $32.00 price target on shares of Brookfield Business Partners in a research report on Monday, August 5th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $31.40.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.