Brookfield Business Partners L.P. (NYSE:BBU) last announced its earnings results on Tuesday, August 8th. The business services provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.15). Brookfield Business Partners L.P. had a net margin of 1.63% and a return on equity of 1.22%. The firm had revenue of $4.87 billion during the quarter. On average, analysts expect Brookfield Business Partners L.P. to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Brookfield Business Partners L.P. (BBU) traded up 0.98% during midday trading on Monday, hitting $29.77. 27,990 shares of the stock traded hands. The company’s 50 day moving average price is $29.86 and its 200-day moving average price is $28.09. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 97.29 and a beta of 1.76. Brookfield Business Partners L.P. has a 12-month low of $21.72 and a 12-month high of $31.78.
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Several research analysts have recently weighed in on the stock. Scotiabank boosted their price target on shares of Brookfield Business Partners L.P. from $29.00 to $33.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Brookfield Business Partners LP boosted their price target on shares of Brookfield Business Partners L.P. to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th.
A hedge fund recently raised its stake in Brookfield Business Partners L.P. stock. Northern Trust Corp boosted its stake in Brookfield Business Partners L.P. (NYSE:BBU) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,854 shares of the business services provider’s stock after buying an additional 1,834 shares during the period. Northern Trust Corp’s holdings in Brookfield Business Partners L.P. were worth $510,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 59.35% of the company’s stock.
About Brookfield Business Partners L.P.
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