Brookfield (TSE:BN) Announces Quarterly Earnings Results

Brookfield (TSE:BN) announced its quarterly earnings results on Thursday. The company reported C$0.94 EPS for the quarter, FiscalAI reports. The firm had revenue of C$27.57 billion during the quarter. Brookfield had a net margin of 1.72% and a return on equity of 2.87%.

Brookfield Price Performance

Shares of BN opened at C$62.82 on Friday. Brookfield has a 1-year low of C$52.04 and a 1-year high of C$68.44. The company has a market capitalization of C$140.31 billion, a P/E ratio of 123.18 and a beta of 1.60. The firm’s 50 day simple moving average is C$61.40 and its 200 day simple moving average is C$60.84.

Insiders Place Their Bets

In other news, Director Jack Lynn Cockwell sold 152,600 shares of Brookfield stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of C$62.37, for a total transaction of C$9,517,662.00. Following the completion of the sale, the director directly owned 55,714,551 shares of the company’s stock, valued at approximately C$3,474,916,545.87. The trade was a 0.27% decrease in their position. Also, Director Janice Rose Fukakusa bought 16,250 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of C$61.91 per share, with a total value of C$1,006,037.50. Following the completion of the transaction, the director directly owned 54,107 shares of the company’s stock, valued at C$3,349,764.37. This represents a 42.92% increase in their position. Insiders sold a total of 296,600 shares of company stock valued at $18,432,796 in the last quarter. Corporate insiders own 19.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BN shares. Royal Bank Of Canada lowered their price objective on Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$58.50.

Brookfield Company Profile

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.