Wall Road analysts count on Brookfield Asset Administration Inc. (NYSE:BAM) (TSE:BAM.A) to report earnings of $0.44 per share for the present fiscal quarter, Zacks Investment Research stories. Zero analysts have issued estimates for Brookfield Asset Administration’s earnings. Brookfield Asset Administration posted earnings of ($0.20) per share in the identical quarter final 12 months, which signifies a constructive year-over-year progress fee of 320%. The enterprise is scheduled to concern its subsequent quarterly earnings outcomes on Thursday, Could thirteenth.
In response to Zacks, analysts count on that Brookfield Asset Administration will report full-year earnings of $2.04 per share for the present monetary 12 months. For the following 12 months, analysts anticipate that the corporate will publish earnings of $2.25 per share. Zacks Funding Analysis’s EPS averages are a imply common based mostly on a survey of analysts that that present protection for Brookfield Asset Administration.
Brookfield Asset Administration (NYSE:BAM) (TSE:BAM.A) final launched its quarterly earnings information on Wednesday, February tenth. The monetary companies supplier reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.37. Brookfield Asset Administration had a return on fairness of 0.06% and a web margin of 0.11%. Throughout the identical quarter final 12 months, the corporate earned $0.49 EPS.
BAM has been the subject of a variety of latest analysis stories. Royal Financial institution of Canada boosted their worth goal on Brookfield Asset Administration from $52.00 to $55.00 and gave the inventory an “outperform” ranking in a analysis notice on Friday, February twelfth. The Goldman Sachs Group started protection on Brookfield Asset Administration in a analysis notice on Wednesday, November 18th. They set a “conviction-buy” ranking and a $51.00 worth goal on the inventory. Credit score Suisse Group upped their worth goal on Brookfield Asset Administration from $47.00 to $48.50 and gave the corporate an “outperform” ranking in a analysis notice on Tuesday, January fifth. TD Securities upped their worth goal on Brookfield Asset Administration from $57.00 to $63.00 and gave the corporate an “motion checklist purchase” ranking in a analysis notice on Friday, February twelfth. Lastly, Zacks Investment Research raised Brookfield Asset Administration from a “maintain” ranking to a “purchase” ranking and set a $47.00 worth goal on the inventory in a analysis notice on Wednesday. One funding analyst has rated the inventory with a maintain ranking, eight have given a purchase ranking and two have issued a powerful purchase ranking to the corporate’s inventory. The inventory presently has a median ranking of “Purchase” and a consensus goal worth of $45.46.
Quite a lot of institutional traders and hedge funds have just lately purchased and bought shares of BAM. Instructor Retirement System of Texas acquired a brand new place in Brookfield Asset Administration in the course of the third quarter price about $445,000. Wells Fargo & Firm MN boosted its stake in shares of Brookfield Asset Administration by 1.7% within the third quarter. Wells Fargo & Firm MN now owns 1,913,192 shares of the monetary companies supplier’s inventory valued at $63,250,000 after shopping for an extra 32,060 shares in the course of the interval. Commonwealth Fairness Companies LLC grew its place in shares of Brookfield Asset Administration by 1.3% in the course of the third quarter. Commonwealth Fairness Companies LLC now owns 237,718 shares of the monetary companies supplier’s inventory price $7,858,000 after shopping for an extra 3,007 shares within the final quarter. Cullen Frost Bankers Inc. bought a brand new stake in shares of Brookfield Asset Administration in the course of the third quarter price roughly $80,000. Lastly, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brookfield Asset Administration by 21.5% within the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 324,475 shares of the monetary companies supplier’s inventory valued at $10,703,000 after buying an extra 57,495 shares within the final quarter. 60.33% of the inventory is at the moment owned by hedge funds and different institutional traders.
NYSE BAM opened at $43.55 on Friday. The inventory’s fifty day transferring common is $41.25 and its two-hundred day transferring common is $37.78. The agency has a market capitalization of $65.74 billion, a P/E ratio of -1,187.30 and a beta of 1.27. The corporate has a debt-to-equity ratio of 1.28, a fast ratio of 0.85 and a present ratio of 1.03. Brookfield Asset Administration has a fifty-two week low of $21.57 and a fifty-two week excessive of $44.24.
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Wednesday, March thirty first. Traders of report on Friday, February twenty sixth will likely be paid a dividend of $0.13 per share. This can be a constructive change from Brookfield Asset Administration’s earlier quarterly dividend of $0.12. The ex-dividend date is Thursday, February twenty fifth. This represents a $0.52 annualized dividend and a yield of 1.19%. Brookfield Asset Administration’s dividend payout ratio is presently 27.75%.
Brookfield Asset Administration Firm Profile
Brookfield Asset Administration is a number one international various asset supervisor and one of many largest traders in actual property. Our funding focus is on actual property, renewable energy, infrastructure and personal fairness property. Our goal is to generate enticing long-term risk-adjusted returns for the advantage of our purchasers and shareholders.
Learn Extra: How is the Producer Price Index calculated?
For extra details about analysis choices from Zacks Funding Analysis, go to Zacks.com
This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]