Brookfield (NYSE:BN) Announces Quarterly Earnings Results

Brookfield (NYSE:BN) posted its quarterly earnings results on Thursday. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13, Zacks reports. Brookfield had a return on equity of 3.74% and a net margin of 1.00%.

Brookfield Stock Performance

NYSE:BN traded up $0.79 during mid-day trading on Friday, reaching $61.17. The stock had a trading volume of 203,611 shares, compared to its average volume of 2,177,948. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market capitalization of $100.67 billion, a price-to-earnings ratio of 129.69 and a beta of 1.57. Brookfield has a twelve month low of $38.18 and a twelve month high of $62.78. The business has a 50 day simple moving average of $58.42 and a 200 day simple moving average of $54.43.

Brookfield Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is currently 68.09%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank upped their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. Finally, TD Securities increased their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.00.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.