Q4 EPS Estimates for BBU Lifted by National Bank Financial

Brookfield Business Partners L.P. (NYSE:BBU) – Equities researchers at National Bank Financial boosted their Q4 2024 earnings per share estimates for shares of Brookfield Business Partners in a research note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the business services provider will post earnings of $1.01 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $4.52 per share.

Brookfield Business Partners (NYSE:BBU) last announced its earnings results on Friday, August 2nd. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.95). Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. The business had revenue of $11.95 billion for the quarter. During the same period last year, the company earned $0.85 earnings per share.

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

Brookfield Business Partners Stock Performance

Shares of BBU opened at $22.46 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 2.24. The stock has a market cap of $1.67 billion, a P/E ratio of 3.45 and a beta of 1.45. The business’s 50 day moving average price is $22.13 and its 200-day moving average price is $20.27. Brookfield Business Partners has a 52 week low of $12.22 and a 52 week high of $24.96.

Institutional Investors Weigh In On Brookfield Business Partners

Several large investors have recently bought and sold shares of BBU. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Brookfield Business Partners by 12.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider’s stock worth $12,910,000 after purchasing an additional 77,017 shares during the period. K2 Principal Fund L.P. boosted its stake in shares of Brookfield Business Partners by 58.3% in the 1st quarter. K2 Principal Fund L.P. now owns 156,353 shares of the business services provider’s stock worth $3,455,000 after buying an additional 57,553 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Brookfield Business Partners by 29.9% in the third quarter. Principal Financial Group Inc. now owns 117,189 shares of the business services provider’s stock worth $2,731,000 after acquiring an additional 26,947 shares during the period. Bank of Montreal Can increased its position in Brookfield Business Partners by 3.1% during the second quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider’s stock valued at $15,036,000 after acquiring an additional 22,886 shares during the last quarter. Finally, AYAL Capital Advisors Ltd lifted its holdings in 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 valued at $848,000 after acquiring an additional 22,200 shares during the period. 85.04% of the stock is currently owned by institutional investors.

Brookfield Business Partners Company Profile

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.