Brookfield Business Partners (NYSE:BBU) issued its earnings results on Thursday. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.80), Fidelity Earnings reports. The firm had revenue of $11.79 billion during the quarter. Brookfield Business Partners had a return on equity of 10.89% and a net margin of 2.11%.
Shares of BBU traded down $0.32 during midday trading on Friday, hitting $40.28. 22,009 shares of the company traded hands, compared to its average volume of 32,563. The firm has a 50 day moving average of $38.98 and a 200-day moving average of $37.92. Brookfield Business Partners has a 52 week low of $29.82 and a 52 week high of $41.48. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 36.29 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.91 and a current ratio of 1.21.
Several research analysts recently weighed in on the stock. National Bank Financial reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Brookfield Business Partners in a report on Friday, October 18th. TheStreet downgraded shares of Brookfield Business Partners from a “c-” rating to a “d” rating in a report on Thursday. Finally, ValuEngine downgraded shares of Brookfield Business Partners from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.50.
Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business 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. Brookfield Business Partners L.P.
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