Brookfield Asset Management (BAM) to Release Quarterly Earnings on Wednesday

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Brookfield Asset Management to post earnings of $0.33 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Brookfield Asset Management had a net margin of 50.23% and a return on equity of 96.43%. The business had revenue of $1.13 billion for the quarter. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Trading Down 4.3 %

BAM stock opened at $38.22 on Wednesday. The stock has a market cap of $15.79 billion, a PE ratio of 33.82, a P/E/G ratio of 1.53 and a beta of 1.68. Brookfield Asset Management has a 12 month low of $28.35 and a 12 month high of $43.00. The company has a 50-day moving average price of $40.81 and a 200 day moving average price of $37.94.

Brookfield Asset Management Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.98%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 134.51%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BAM shares. TD Securities decreased their price target on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating for the company in a research note on Tuesday, January 9th. BMO Capital Markets boosted their target price on shares of Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. HSBC downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Royal Bank of Canada boosted their price objective on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Scotiabank raised their target price on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.50.

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.