Brookfield (NYSE:BN) Announces Earnings Results

Brookfield (NYSE:BN) posted its earnings results on Thursday. The company reported $1.01 earnings per share for the quarter, topping 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 Price Performance

Shares of NYSE:BN traded up $0.79 during trading on Friday, reaching $61.17. 203,611 shares of the company’s stock traded hands, compared to its average volume of 2,177,948. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a market cap of $100.67 billion, a PE ratio of 129.69 and a beta of 1.57. The company has a 50-day simple moving average of $58.42 and a 200-day simple moving average of $54.43.

Brookfield Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BN shares. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank raised their target price on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Company Profile

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.