Brookfield Asset Management (BAM) to Release Earnings on Wednesday

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Brookfield Asset Management to post earnings of C$0.46 per share for the quarter.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its earnings results on Wednesday, February 7th. The company reported C$0.49 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.47 by C$0.02. The business had revenue of C$1.54 billion for the quarter. Brookfield Asset Management had a return on equity of 18.68% and a net margin of 45.27%.

Brookfield Asset Management Stock Down 3.7 %

Shares of BAM opened at C$52.59 on Wednesday. The firm has a market capitalization of C$20.44 billion and a P/E ratio of 34.37. Brookfield Asset Management has a 12-month low of C$39.38 and a 12-month high of C$58.19. The firm has a fifty day moving average price of C$55.48 and a 200-day moving average price of C$51.41. The company has a current ratio of 4.39, a quick ratio of 0.95 and a debt-to-equity ratio of 1.73.

Brookfield Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.38 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.89%. Brookfield Asset Management’s dividend payout ratio is currently 135.29%.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.