BBU FY2025 EPS Estimate Cut by National Bank Financial

Brookfield Business Partners L.P. (NYSE:BBU) – Equities research analysts at National Bank Financial cut their FY2025 EPS estimates for Brookfield Business Partners in a note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the business services provider will post earnings of $5.25 per share for the year, down from their prior estimate of $5.47. The consensus estimate for Brookfield Business Partners’ current full-year earnings is $5.26 per share.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada decreased their target price on Brookfield Business Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Monday. BMO Capital Markets increased their price objective on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Scotiabank lifted their target price on shares of Brookfield Business Partners from $32.00 to $33.00 and gave the company a “sector outperform” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $32.60.

Brookfield Business Partners Stock Performance

BBU stock opened at $21.96 on Wednesday. The stock has a 50-day moving average price of $23.17 and a two-hundred day moving average price of $22.37. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.17 and a quick ratio of 0.95. Brookfield Business Partners has a 12-month low of $16.85 and a 12-month high of $26.75.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.00%.

Institutional Investors Weigh In On Brookfield Business Partners

A number of large investors have recently added to or reduced their stakes in BBU. Brookfield Corp ON increased its holdings in Brookfield Business Partners by 1.7% during the 3rd quarter. Brookfield Corp ON now owns 25,602,504 shares of the business services provider’s stock worth $596,538,000 after purchasing an additional 428,511 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Brookfield Business Partners by 12,276.3% in the third quarter. Toronto Dominion Bank now owns 260,769 shares of the business services provider’s stock worth $6,076,000 after buying an additional 258,662 shares during the last quarter. PCJ Investment Counsel Ltd. increased its stake in shares of Brookfield Business Partners by 14.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 1,518,892 shares of the business services provider’s stock worth $35,528,000 after buying an additional 188,743 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Brookfield Business Partners by 13.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 773,975 shares of the business services provider’s stock valued at $18,145,000 after acquiring an additional 92,413 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in Brookfield Business Partners by 14.7% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 641,835 shares of the business services provider’s stock valued at $15,047,000 after acquiring an additional 82,372 shares during the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.14%. Brookfield Business Partners’s payout ratio is currently -51.02%.

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.