Desjardins Issues Positive Estimate for BBU Earnings

Brookfield Business Partners L.P. (NYSE:BBU) – Equities research analysts at Desjardins increased their Q4 2024 EPS estimates for Brookfield Business Partners in a note issued to investors on Sunday, November 10th. Desjardins analyst G. Ho now anticipates that the business services provider will post earnings per share of $1.21 for the quarter, up from their previous estimate of $1.08. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $4.52 per share. Desjardins also issued estimates for Brookfield Business Partners’ FY2025 earnings at $5.04 EPS and FY2026 earnings at $5.73 EPS.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Brookfield Business Partners in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.40.

Brookfield Business Partners Price Performance

Shares of BBU opened at $24.45 on Tuesday. The firm has a market cap of $1.82 billion, a PE ratio of 3.09 and a beta of 1.45. The firm’s 50 day moving average price is $22.57 and its 200 day moving average price is $20.50. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.74 and a current ratio of 1.00. Brookfield Business Partners has a twelve month low of $14.44 and a twelve month high of $25.64.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings results on Friday, November 8th. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.00 by $0.39. The business had revenue of $9.23 billion during the quarter. Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. During the same quarter in the prior year, the business posted $1.33 earnings per share.

Hedge Funds Weigh In On Brookfield Business Partners

A number of institutional investors have recently modified their holdings of BBU. Intact Investment Management Inc. bought a new position in shares of Brookfield Business Partners in the third quarter valued at approximately $45,000. Bank of New York Mellon Corp bought a new position in shares of Brookfield Business Partners in the second quarter valued at approximately $307,000. Gold Investment Management Ltd. raised its position in shares of Brookfield Business Partners by 7.4% in the third quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider’s stock valued at $739,000 after purchasing an additional 2,169 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Brookfield Business Partners by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider’s stock worth $770,000 after acquiring an additional 608 shares during the last quarter. Finally, AYAL Capital Advisors Ltd grew its stake in shares of Brookfield Business Partners by 97.4% in the second quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock worth $848,000 after acquiring an additional 22,200 shares during the last quarter. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.063 dividend. This is a positive change from Brookfield Business Partners’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, November 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.03%. Brookfield Business Partners’s dividend payout ratio (DPR) is currently 3.09%.

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.