Brookfield Business Partners (NYSE:BBU) released its quarterly earnings data on Thursday. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.80), Fidelity Earnings reports. The company had revenue of $11.79 billion for the quarter. Brookfield Business Partners had a return on equity of 10.89% and a net margin of 2.11%.
BBU stock traded down $0.32 during trading on Friday, reaching $40.28. 22,009 shares of the company were exchanged, compared to its average volume of 32,563. The company has a market cap of $3.22 billion, a P/E ratio of 36.29 and a beta of 1.46. Brookfield Business Partners has a 52-week low of $29.82 and a 52-week high of $41.48. The stock’s 50 day moving average price is $38.98 and its 200 day moving average price is $37.92. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.91 and a current ratio of 1.21.
A number of analysts recently commented on the stock. TheStreet downgraded shares of Brookfield Business Partners from a “c-” rating to a “d” rating in a report on Thursday. National Bank Financial reissued an “outperform” rating and set a $45.00 price objective on shares of Brookfield Business Partners in a report on Friday, October 18th. Finally, ValuEngine downgraded shares of Brookfield Business Partners from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average 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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