Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) posted its earnings results on Thursday. The financial services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $1.13, RTT News reports. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Brookfield Asset Management had a net margin of 1.70% and a return on equity of 0.86%. Brookfield Asset Management’s quarterly revenue was up 88.4% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share.
Brookfield Asset Management (NYSE:BAM) traded up $0.36 during mid-day trading on Thursday, reaching $39.16. 340,311 shares of the company’s stock traded hands, compared to its average volume of 1,403,226. Brookfield Asset Management has a fifty-two week low of $35.30 and a fifty-two week high of $44.33. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $37,444.44, a price-to-earnings ratio of 86.22 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.53%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 124.45%.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.
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