Brookfield Asset Management (BAM) Expected to Announce Quarterly Earnings on Wednesday

Brookfield Asset Management (NYSE:BAMGet Free Report) (TSE:BAM.A) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $1.27 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brookfield Asset Management (NYSE:BAMGet Free Report) (TSE:BAM.A) last released its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.19 billion. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, analysts expect Brookfield Asset Management to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brookfield Asset Management Stock Performance

NYSE:BAM opened at $57.18 on Wednesday. The company has a market capitalization of $25.34 billion, a PE ratio of 50.60, a P/E/G ratio of 2.26 and a beta of 1.46. The company has a 50 day simple moving average of $56.45 and a two-hundred day simple moving average of $50.20. Brookfield Asset Management has a fifty-two week low of $37.29 and a fifty-two week high of $62.61.

Analyst Upgrades and Downgrades

BAM has been the subject of a number of recent analyst reports. CIBC increased their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their target price on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. UBS Group assumed coverage on shares of Brookfield Asset Management in a research report on Monday, December 16th. They set a “buy” rating for the company. TD Securities raised their price objective on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Scotiabank boosted their target price on shares of Brookfield Asset Management from $59.50 to $63.00 and gave the company a “sector outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.42.

Check Out Our Latest Stock Report on BAM

About Brookfield Asset Management

(Get Free Report)

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.

Further Reading

Earnings History for Brookfield Asset Management (NYSE:BAM)

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.