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

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) is set to issue its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of C$0.49 per share for the quarter.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.47 EPS for the quarter, missing the consensus estimate of C$0.48 by C($0.01). The business had revenue of C$1.57 billion for the quarter, compared to the consensus estimate of C$1.61 billion.

Brookfield Asset Management Stock Performance

TSE:BAM opened at C$74.25 on Friday. Brookfield Asset Management has a 12 month low of C$41.12 and a 12 month high of C$75.41. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a market capitalization of C$31.10 billion and a PE ratio of 49.50. The business’s fifty day moving average price is C$62.81 and its 200 day moving average price is C$57.28.

Brookfield Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.525 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.52. Brookfield Asset Management’s dividend payout ratio is presently 136.67%.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded Brookfield Asset Management to a “strong sell” rating in a research note on Thursday, September 12th.

Insider Activity

In other news, Senior Officer Anuj Ranjan sold 112,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$39.63, for a total value of C$4,458,375.00. In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of Brookfield Asset Management stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$64.40, for a total value of C$18,111,093.75. Also, Senior Officer Anuj Ranjan sold 112,500 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$39.63, for a total transaction of C$4,458,375.00. Company insiders own 14.10% of the company’s stock.

About Brookfield Asset Management

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.