Analyst Expects Brookfield Corporation (NYSE: BN) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Brookfield Corporation to Host First Quarter 2024 Results Conference Call.

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Stocks Info

As a NYSE listed company, BN falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Brookfield Corporation is $67.45B. A total of 2.24 million shares were traded on the day, compared to an average of 2.60M shares.

In the most recent transaction, OCM Growth Holdings LLC sold 1,000,000 shares of BN for 11.33 per share on Mar 18 ’24. After the transaction, the Director now owns 15,492,168 company shares. In a previous transaction on Jan 02 ’24, BCP GP Ltd sold 3,922,786 shares at 2.20 per share. BN shares that Former 10% Owner owns now total 23,352,826.

Among the insiders who sold shares, BCP GP Ltd disposed of 129,022 shares on Dec 29 ’23 at a per-share price of $2.22. This resulted in the 10% Owner holding 27,275,612 shares of BN after the transaction. In another insider transaction, BCP GP Ltd sold 382,682 shares at $2.23 per share on Dec 28 ’23. Company shares held by the 10% Owner now total 27,404,634.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Brookfield Corporation pays an annual dividend of $0.29, resulting in a dividend yield of 0.71%, and it has a price to earnings (P/E) ratio of 67.20. BN’s most recent ex-dividend date was 3/12/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 11/29/2023. The BN stock dividend was $0.07 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BN has a high of $43.17 and a low of $28.84.

As of this writing, BN has an earnings estimate of $1.11 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.2 per share and a lower estimate of $1.06. The company reported an EPS of $0.98 in the last quarter, which was 6.50% higher than expectations of $0.92.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BN’s latest balance sheet shows that the firm has $19.66B in Cash & Short Term Investments as of fiscal 2021. There were $175.93B in debt and $65.08B in liabilities at the time. Its Book Value Per Share was $27.35, while its Total Shareholder’s Equity was $134.74B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BN is Buy with a score of 4.38.

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