Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) issued its quarterly earnings data on Thursday. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $1.13, RTT News reports. Brookfield Asset Management had a net margin of 1.70% and a return on equity of 0.86%. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the company posted $0.23 EPS. The company’s revenue was up 88.4% on a year-over-year basis.
Shares of Brookfield Asset Management (NYSE BAM) traded up $0.34 during midday trading on Thursday, reaching $39.14. 249,757 shares of the company were exchanged, compared to its average volume of 1,395,682. Brookfield Asset Management has a 1 year low of $35.30 and a 1 year high of $44.33. The firm has a market capitalization of $37,444.44, a price-to-earnings ratio of 86.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 124.45%.
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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