Brookfield (TSE:BN) Posts Quarterly Earnings Results

Brookfield (TSE:BN) announced its quarterly earnings data on Thursday. The company reported C$0.86 earnings per share (EPS) for the quarter, FiscalAI reports. Brookfield had a net margin of 0.99% and a return on equity of 1.99%.

Brookfield Stock Performance

BN traded up C$0.90 on Thursday, reaching C$64.21. The company had a trading volume of 670,862 shares, compared to its average volume of 2,848,918. Brookfield has a 52-week low of C$41.25 and a 52-week high of C$68.44. The company has a market cap of C$144.12 billion, a price-to-earnings ratio of 180.03 and a beta of 1.85. The business has a 50 day simple moving average of C$63.95 and a 200 day simple moving average of C$74.80.

Analyst Ratings Changes

Separately, National Bank Financial reduced their price objective on Brookfield from C$82.00 to C$56.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Buy” and a consensus target price of C$68.50.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.