Brookfield (NYSE:BN) Releases Earnings Results, Beats Estimates By $0.13 EPS

Brookfield (NYSE:BN) released its quarterly earnings results on Thursday. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 BN stock traded up $1.35 during trading hours on Thursday, reaching $59.94. 1,070,190 shares of the company were exchanged, compared to its average volume of 2,133,852. The company has a market cap of $98.66 billion, a price-to-earnings ratio of 127.54 and a beta of 1.57. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The stock’s fifty day moving average is $58.41 and its two-hundred day moving average is $54.39.

Wall Street Analyst Weigh In

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

About Brookfield

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.