Brookfield Asset Management Inc. (NYSE: BAM) Expected to Report Earnings of $ 0.92 Per Share

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Wall Street brokerage firms forecast that Brookfield Asset Management Inc. (NYSE: BAM) (TSE: BAM.A) will post earnings of $ 0.92 per share for the current quarter, Zacks reports. No analyst has made any earnings estimates for Brookfield Asset Management. Brookfield Asset Management reported same quarter earnings of $ 0.10 per share last year, indicating a positive year-over-year growth rate of 820%. The company is expected to announce its next quarterly results before the market opens on Thursday, November 11.

According to Zacks, analysts expect Brookfield Asset Management to report annual earnings of $ 2.14 per share for the current fiscal year. For next year, analysts expect the company to report earnings of $ 2.58 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of seller-side research companies that follow Brookfield Asset Management.

Brookfield Asset Management (NYSE: BAM) (TSE: BAM.A) last released its quarterly earnings data on Wednesday, August 11. The financial services provider reported EPS of $ 0.49 for the quarter, missing the consensus estimate of $ 0.75 of ($ 0.26). Brookfield Asset Management achieved a return on equity of 2.43% and a net margin of 4.21%. The company posted sales of $ 18.29 billion in the quarter. In the same quarter of the previous year, the company achieved earnings per share ($ 0.43).

Several brokerages have recently published reports on BAM. Zacks Investment Research downgraded Brookfield Asset Management from a “buy” rating to a “custody” rating in a research note on Friday, October 15. Citigroup began covering Brookfield Asset Management in a research note on Thursday, August 12. They set a “buy” rating and a target price of $ 68.00 on the stock. Royal Bank of Canada reissued a “buy” note and set a target price of $ 83.00 for Brookfield Asset Management shares in a research note on Tuesday, September 21. BMO Capital Markets raised its price target on Brookfield Asset Management from C $ 57.00 to C $ 61.00 and assigned the stock an “outperformance” rating in a research note on Friday August 13. Finally, TD Securities raised its price target on Brookfield Asset Management from $ 70.00 to $ 71.00 and assigned the stock a “buy on share list” rating in a research note on Sunday August 15. Three analysts rated the stock with a conservation rating, five issued a buy rating, and two gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $ 62.70.

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Several institutional investors and hedge funds have recently increased or reduced their holdings in BAM. Trustcore Financial Services LLC purchased a new position in Brookfield Asset Management shares in the second quarter valued at $ 26,000. Strategic Blueprint LLC purchased a new position in Brookfield Asset Management shares in the second quarter valued at $ 36,000. Red Door Wealth Management LLC purchased a new position in Brookfield Asset Management shares in the second quarter valued at $ 40,000. Exchange Traded Concepts LLC purchased a new position in Brookfield Asset Management shares in the second quarter valued at $ 40,000. Finally, Ameritas Investment Company LLC purchased a new position in Brookfield Asset Management shares in the 1st quarter valued at $ 83,000. 61.37% of the shares are held by hedge funds and other institutional investors.

NYSE BAM shares traded up $ 0.63 in Friday’s session, reaching $ 61.01. The company had a trading volume of 1,064,838 shares, compared to its average volume of 2,540,885. The stock has a 50-day simple moving average of $ 55.80 and a 200-day simple moving average of 51 , $ 55. The company has a debt to equity ratio of 1.18, a quick ratio of 0.86, and a current ratio of 1.04. Brookfield Asset Management has a 12 month low of $ 29.09 and a 12 month high of $ 61.08. The company has a market cap of $ 100.06 billion, a P / E ratio of 34.66 and a beta of 1.25.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 29. Shareholders of record on Tuesday, August 31, received a dividend of $ 0.13 per share. This represents a dividend of $ 0.52 on an annualized basis and a return of 0.85%. The ex-dividend date was Monday August 30. Brookfield Asset Management’s dividend payout ratio (DPR) is currently -433.33%.

Brookfield Asset Management Company Profile

Brookfield Asset Management, Inc deals with the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: asset management, real estate, renewable energy, infrastructure, private equity, residential development and corporate activities.

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