Brookfield Asset Management Inc (BAM) Scheduled to Post Quarterly Earnings on Thursday
Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) is scheduled to be announcing its earnings results before the market opens on Thursday, November 9th.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.28). The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $5.27 billion. Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. Brookfield Asset Management’s quarterly revenue was up 58.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts expect Brookfield Asset Management to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
A number of brokerages have recently weighed in on BAM. Scotiabank lifted their price objective on Brookfield Asset Management from $42.75 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 2nd. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. Finally, BidaskClub upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.17.
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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