Brookfield Asset Management (BAM) to Release Earnings on Wednesday

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Brookfield Asset Management to post earnings of $0.33 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. During the same period last year, the firm earned $0.31 earnings per share. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Stock Performance

NYSE:BAM opened at $39.93 on Tuesday. Brookfield Asset Management has a fifty-two week low of $28.35 and a fifty-two week high of $43.00. The firm has a market cap of $16.50 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.72. The business has a 50 day moving average price of $40.64 and a 200-day moving average price of $38.14.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 annualized dividend and a yield of 3.81%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio is presently 134.51%.

Wall Street Analysts Forecast Growth

BAM has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. CIBC boosted their price objective on shares of Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. HSBC lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Scotiabank increased their price target on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 8th. Finally, TD Securities cut their price objective on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.