Brookfield Asset Management (BAM) Releases Quarterly Earnings Results
Brookfield Asset Management (NYSE:BAM) announced its earnings results on Friday. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.53, Analyst Ratings Network reports. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.16 billion.
Shares of Brookfield Asset Management (NYSE:BAM) opened at 44.54 on Friday. Brookfield Asset Management has a one year low of $33.67 and a one year high of $45.00. The stock has a 50-day moving average of $44.07 and a 200-day moving average of $41.78. The company has a market cap of $27.432 billion and a P/E ratio of 13.05.
On a related note, analysts at Desjardins raised their price target on shares of Brookfield Asset Management from $46.50 to $50.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $46.70.
Brookfield Asset Management Inc (NYSE:BAM) is a global alternative asset manager.
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