Brookfield (TSE:BN) Announces Quarterly Earnings Results

Brookfield (TSE:BN) issued its quarterly earnings data on Thursday. The company reported C$0.77 EPS for the quarter, FiscalAI reports. Brookfield had a net margin of 1.80% and a return on equity of 3.05%. The company had revenue of C$29.46 billion during the quarter.

Brookfield Stock Performance

TSE BN traded down C$0.24 on Thursday, reaching C$59.65. 1,147,253 shares of the company’s stock traded hands, compared to its average volume of 3,014,494. Brookfield has a fifty-two week low of C$50.76 and a fifty-two week high of C$68.44. The firm has a market cap of C$133.16 billion, a price-to-earnings ratio of 110.46 and a beta of 1.67. The stock has a 50 day moving average price of C$53.85 and a 200-day moving average price of C$58.88.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$61.00.

Insiders Place Their Bets

In other Brookfield news, insider Brian William Kingston sold 675,000 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of C$50.73, for a total transaction of C$34,242,750.00. Following the sale, the insider directly owned 2,070,014 shares of the company’s stock, valued at approximately C$105,011,810.22. This trade represents a 24.59% decrease in their position. Corporate insiders own 19.11% of the company’s stock.

About Brookfield

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.