Brookfield (TSE:BN) Releases Earnings Results

Brookfield (TSE:BN) released its quarterly earnings results on Thursday. The company reported C$0.92 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$18.58 billion during the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.76%.

Brookfield Stock Performance

BN stock traded down C$2.61 during mid-day trading on Friday, reaching C$62.68. The company had a trading volume of 3,084,050 shares, compared to its average volume of 2,959,803. Brookfield has a fifty-two week low of C$51.83 and a fifty-two week high of C$68.44. The company has a market capitalization of C$140.22 billion, a price-to-earnings ratio of 127.92 and a beta of 1.57. The firm has a fifty day simple moving average of C$58.75 and a 200 day simple moving average of C$61.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered their target price on Brookfield from C$63.00 to C$61.00 and set an “outperform” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$58.50.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.