Brookfield (BN) Set to Announce Earnings on Thursday

Posted by Defense World Staff on May 4th, 2023

Brookfield (TSE:BN – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 11th.

Brookfield (TSE:BN – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported C($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of C$1.11 by C($1.42). Brookfield had a net margin of 2.15% and a return on equity of 3.76%. The company had revenue of C$32.87 billion during the quarter, compared to analyst estimates of C$1.36 billion.

Brookfield Trading Up 0.2 %

BN opened at C$42.03 on Thursday. The firm has a 50 day moving average of C$42.99. Brookfield has a 1-year low of C$38.92 and a 1-year high of C$55.00. The firm has a market cap of C$65.99 billion, a P/E ratio of 25.94 and a beta of 1.59.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, February 28th were given a dividend of $0.093 per share. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.37 annualized dividend and a yield of 0.89%. Brookfield’s dividend payout ratio is presently 40.74%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Brookfield from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd.

About Brookfield

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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.