Brookfield Business (NYSE:BBUC) Announces Earnings Results

Brookfield Business (NYSE:BBUCGet Free Report) posted its quarterly earnings data on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, Zacks reports. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%.The firm had revenue of $6.50 billion for the quarter.

Brookfield Business Trading Down 5.8%

NYSE:BBUC opened at $29.62 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.43 and a quick ratio of 1.19. Brookfield Business has a fifty-two week low of $28.14 and a fifty-two week high of $38.25. The stock’s 50-day moving average is $31.70 and its two-hundred day moving average is $33.19. The stock has a market cap of $6.13 billion, a PE ratio of -75.95 and a beta of 1.25.

Brookfield Business Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, August 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. Brookfield Business’s dividend payout ratio (DPR) is presently -55.56%.

Key Brookfield Business News

Here are the key news stories impacting Brookfield Business this week:

Institutional Trading of Brookfield Business

A number of hedge funds have recently made changes to their positions in BBUC. Jump Financial LLC purchased a new position in Brookfield Business during the fourth quarter valued at approximately $240,000. Franklin Resources Inc. increased its stake in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock valued at $262,000 after buying an additional 482 shares during the period. Squarepoint Ops LLC acquired a new position in Brookfield Business in the 4th quarter valued at approximately $280,000. Susquehanna Advisors Group Inc. purchased a new stake in Brookfield Business in the 4th quarter worth approximately $298,000. Finally, Mariner LLC lifted its position in Brookfield Business by 14.3% in the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock worth $434,000 after buying an additional 1,515 shares in the last quarter. 85.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BBUC shares. National Bank Financial decreased their target price on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada cut their price target on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Weiss Ratings downgraded shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. TD Cowen began coverage on shares of Brookfield Business in a research note on Tuesday, June 9th. They issued a “hold” rating and a $34.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.60.

View Our Latest Stock Analysis on Brookfield Business

About Brookfield Business

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Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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