Brookfield Business Partners (NYSE:BBU) Posts Earnings Results, Misses Expectations By $0.95 EPS

Brookfield Business Partners (NYSE:BBU) posted its quarterly earnings results on Friday. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.86 by ($0.95), Zacks reports. Brookfield Business Partners had a net margin of 7.08% and a return on equity of 21.64%. The business had revenue of $11.95 billion during the quarter. During the same period in the previous year, the business earned $0.85 earnings per share.

Brookfield Business Partners Trading Down 3.1 %

Shares of BBU stock traded down $0.65 on Friday, reaching $20.10. The company had a trading volume of 54,262 shares, compared to its average volume of 14,599. The company has a 50-day moving average of $19.14 and a 200-day moving average of $20.27. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 2.23. The stock has a market cap of $1.49 billion, a PE ratio of 3.15 and a beta of 1.47. Brookfield Business Partners has a 12 month low of $12.22 and a 12 month high of $23.75.

Wall Street Analysts Forecast Growth

BBU has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price target on Brookfield Business Partners from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Cibc World Mkts raised Brookfield Business Partners to a “strong-buy” rating in a research note on Tuesday, May 7th. Finally, BMO Capital Markets raised their price objective on Brookfield Business Partners from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Brookfield Business Partners currently has an average rating of “Buy” and an average target price of $30.33.

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.