Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P. is based in Hamilton, Bermuda. Brookfield Business Partners L.P. operates as a subsidiary of Brookfield Asset Management Inc.
IPO Year: 2016
Exchange: NYSE
Website: bbu.brookfield.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/13/2023 | $28.00 | Outperform | RBC Capital Mkts |
3/9/2023 | $26.00 | Outperform | Credit Suisse |
11/8/2021 | $61.00 → $62.00 | Outperform | RBC Capital |
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BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended September 30, 2024. "We had a good quarter, achieving solid financial results and generating over $350 million of proceeds from distributions and announced monetizations, including the sale of a significant portion of our offshore oil services operation," said Anuj Ranjan, CEO of Brookfield Business Partners. "The progress we are making on our capital recycling initiatives will provide us significant liquidity to support our growth and with interest rates normalizing, we are in a great position to continue compounding val
Date: Friday, November 8, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Third Quarter 2024 Conference Call & Webcast on Friday, November 8, 2024 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, November 8, 2024 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q3ConferenceCallUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypa
BROOKFIELD, News, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) today announced that the Toronto Stock Exchange ("TSX") has accepted a notice filed by Brookfield Business Partners L.P. of its intention to renew its normal course issuer bid for its limited partnership units ("Units") and a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A exchangeable subordinate voting shares ("Exchangeable Shares"). Brookfield Business Partners believes that the Units or the Exchangeable Shares, respectively, may from time to time trade in a price range that does not fully reflect their
BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) announced today financial results for the quarter ended June 30, 2024. "Our business fundamentals remain sound and we are pleased with the performance of many of our larger operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "Financial results were strong but impacted by a couple of one-time events this quarter. We continue to build value across our operations which will drive earnings as these one-time items pass. Our strong access to capital differentiates our franchise and enabled us to refinance a significant amount of debt at attractive rates during the
BROOKFIELD, NEWS, July 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))) announced today an update on the restoration of systems at its dealer software and technology services operation, CDK Global ("the business" or "CDK"). On June 19, CDK detected and promptly responded to unauthorized cyber activity on its network. CDK proactively shut all systems down, engaged third-party experts to address and investigate the issue and notified law enforcement. CDK has successfully brought substantially all customers back onto its core dealer management system in advance of the July 4 holiday weekend in the U.S. The business is also working to bring back
BROOKFIELD, NEWS, June 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (the "Corporation") ((NYSE, TSX:BBUC) today announced that all ten nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares ("Exchangeable Shares") and holders of class B multiple voting shares ("Class B Shares") were elected at the Corporation's annual general meeting of shareholders held on June 20, 2024 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below. In accordance with the Corporation's articles, each Exchangeable Share was entitled to one vote per share, representin
Date: Friday, August 2, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, June 14, 2024 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2024 Second Quarter Conference Call & Webcast on Friday, August 2, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, August 2, 2024 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q2ConferenceCallUpon registering, you will be emailed
BROOKFIELD, NEWS, May 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))) announced today financial results for the quarter ended March 31, 2024. "We are pleased with our first quarter results supported by the ongoing performance of our largest operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "We generated strong margins and the progress achieved on our value creation plans is contributing to higher quality earnings of our operations. Our access to capital continues to be favorable and we generated approximately $300 million of net proceeds from our capital recycling initiatives including agreements to sell two small operations
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Date: Friday, May 3, 2024Time: 10:00 a.m. (Eastern Time) BROOKFIELD, NEWS, March 15, 2024 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2024 First Quarter Conference Call & Webcast on Friday, May 3, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, May 3, 2024 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q1ConferenceCallUpon registering, you will be emailed a dial-i
BROOKFIELD, NEWS, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) announced today the appointment of Anne Ruth Herkes to its Board of Directors. Based in Germany, Anne Ruth brings to the Board over 30 years of international expertise in government, diplomacy, and the private sector, with a strong background in many different industries including banking, energy, trade, and aerospace. Anne Ruth previously served as State Secretary for the German Federal Ministry for Economic Affairs and Energy where she led Germany’s global trade policy and provided leadership in the deployment of a national cyber-security strat
ABERDEEN, United Kingdom, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Altera Infrastructure GP L.L.C. (ALIN GP), the general partner of Altera Infrastructure L.P. (Altera Infrastructure or the Partnership), announced the following changes to its Board of Directors (the Board) all with immediate effect: Ingvild Sæther, President and CEO of Altera Infrastructure Group Ltd., and Benedicte Bakke Agerup have been appointed to the Board, increasing the size of the Board to ten directors.Ms Bakke Agerup will join the Audit and Conflicts committees.A new Executive Oversight Committee has been formed. This committee is chaired by Denis Turcotte with Bill Utt and Ingvild Sæther as members. “On behalf of the
BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended September 30, 2024. "We had a good quarter, achieving solid financial results and generating over $350 million of proceeds from distributions and announced monetizations, including the sale of a significant portion of our offshore oil services operation," said Anuj Ranjan, CEO of Brookfield Business Partners. "The progress we are making on our capital recycling initiatives will provide us significant liquidity to support our growth and with interest rates normalizing, we are in a great position to continue compounding val
Date: Friday, November 8, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Third Quarter 2024 Conference Call & Webcast on Friday, November 8, 2024 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, November 8, 2024 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q3ConferenceCallUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypa
BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) announced today financial results for the quarter ended June 30, 2024. "Our business fundamentals remain sound and we are pleased with the performance of many of our larger operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "Financial results were strong but impacted by a couple of one-time events this quarter. We continue to build value across our operations which will drive earnings as these one-time items pass. Our strong access to capital differentiates our franchise and enabled us to refinance a significant amount of debt at attractive rates during the
Date: Friday, August 2, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, June 14, 2024 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2024 Second Quarter Conference Call & Webcast on Friday, August 2, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, August 2, 2024 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q2ConferenceCallUpon registering, you will be emailed
BROOKFIELD, NEWS, May 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))) announced today financial results for the quarter ended March 31, 2024. "We are pleased with our first quarter results supported by the ongoing performance of our largest operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "We generated strong margins and the progress achieved on our value creation plans is contributing to higher quality earnings of our operations. Our access to capital continues to be favorable and we generated approximately $300 million of net proceeds from our capital recycling initiatives including agreements to sell two small operations
Date: Friday, May 3, 2024Time: 10:00 a.m. (Eastern Time) BROOKFIELD, NEWS, March 15, 2024 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2024 First Quarter Conference Call & Webcast on Friday, May 3, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, May 3, 2024 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q1ConferenceCallUpon registering, you will be emailed a dial-i
BROOKFIELD, NEWS, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))) announced today financial results for the year ended December 31, 2023. "We had a successful 2023, achieving strong business performance and generating over $2 billion of proceeds from capital recycling initiatives which further enhances our liquidity position," said Anuj Ranjan, CEO of Brookfield Business Partners. "As we look to the future, the quality of our operations is the best in our history and supports a strong setup for continued value creation." Three Months EndedDecember 31, Year EndedDecember 31,US$ millions (except per unit amounts), unaudited 2023 20224 2
Date: Friday, February 2, 2024Time: 10:00 a.m. (Eastern Time) BROOKFIELD, NEWS, Dec. 15, 2023 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2023 Fourth Quarter Conference Call & Webcast on Friday, February 2, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, February 2, 2024 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2023Q4ConferenceCallUpon registering, you will be e
BROOKFIELD News, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) and its listed affiliate Brookfield Business Partners (NYSE:BBU, TSX:BBU) today announced the completion of the sale of Westinghouse Electric Company ("Westinghouse" or "the Company"). Westinghouse is a global leading provider of mission-critical technologies, products, and services to the nuclear power industry. The sale follows a five-year repositioning of Westinghouse to refocus the business, strengthen its organizational structure and reinvest for future growth. "We are pleased to complete the sale of Westinghouse and crystallize significant value for our investors," said Cyrus Mado
BROOKFIELD, NEWS, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))) announced today financial results for the quarter ended September 30, 2023. "We had a strong third quarter and are pleased with our results," said Cyrus Madon, CEO of Brookfield Business Partners. "We generated record quarterly Adjusted EBITDA and reached an agreement to sell an interest in Everise, our technology services operation, at a valuation of 3.5x our original investment. Our focus is on progressing initiatives to support our growth, including the sale of Westinghouse which we expect to close imminently." Three Months EndedSeptember 30, Nine Months EndedSep
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RBC Capital Mkts resumed coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $28.00
Credit Suisse resumed coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $26.00
RBC Capital reiterated coverage of Brookfield Business with a rating of Outperform and set a new price target of $62.00 from $61.00 previously
Credit Suisse upgraded Brookfield Business from Neutral to Outperform
Credit Suisse upgraded Brookfield Business Partners from Neutral to Outperform and set a new price target of $52.00
Industrial Alliance initiated coverage of Brookfield Business with a rating of Buy
Credit Suisse downgraded Brookfield Business Partners from Outperform to Neutral and set a new price target of $52.00 from $50.00 previously
Royal Bank of Canada reiterated coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $52.00 from $50.00 previously
National Bank Financial reiterated coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $47.00 from $38.00 previously
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BROOKFIELD, NEWS, July 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))))) announced today an update on the restoration of systems at its dealer software and technology services operation, CDK Global ("the business" or "CDK").On June 19, CDK detected and promptly responded to unauthorized cyber activity on its network. CDK proactively shut all systems down, engaged third-party experts to address and investigate the issue and notified law enforcement.
Private software company CDK Global is reportedly looking to get car dealerships back online on its dealer management system (DMS) by July 4th, days after cyberattacks against the company left U.S. dealers in a fix. What Happened: All dealer connections are expected to be live on the DMS by late Wednesday, June 3, or early Morning Thursday, June 4, reported The Verge, citing CDK Global spokesperson Lisa Finney. The personnel behind the cyberattack are reportedly linked to a group called BlackSuit. “We are continuing our phased approach to the restoration process and are rapidly bringing dealers live on the Dealer Management System (DMS),” Finney said. The company is working on
A cyber incident at automotive data provider CDK Global, whose software is utilized by auto dealers, disrupted operations on Wednesday across the U.S. and Canada. What Happened: The company, which was purchased by Brookfield Business Partners (NYSE:BBU) in 2022 for more than $8 billion, is “actively investigating” the issue, CNN reported. A CDK spokesperson confirmed that most of the company’s systems were shut down as a precaution to protect customer data. Efforts are currently underway to restore functionality. See Also: Extreme Heat Waves Set To Drive Up US Natural Gas Prices – 10 Energy Stocks To Watch This Summer Why It Matters: CDK Global prides itself on providing techno
BMO Capital analyst Devin Dodge maintains Brookfield Bus Partners (NYSE:BBU) with a Outperform and raises the price target from $30 to $31.
Brookfield Bus Partners (NYSE:BBU) reported quarterly earnings of $1.53 per share which beat the analyst consensus estimate of $0.86 by 77.91 percent. This is a 12.57 percent decrease over earnings of $1.75 per share from the same period last year. The company reported quarterly sales of $12.056 billion which missed the analyst consensus estimate of $15.988 billion by 24.59 percent. This is a 12.37 percent decrease over sales of $13.758 billion the same period last year.
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching: Hertz Global Holdings (NASDAQ:HTZ) - P/E: 5.14 Brookfield Bus Partners (NYSE:BBU) - P/E: 3.3 Navios Maritime Partners (NYSE:NMM) - P/E: 2.44 Performance Shipping (NASDAQ:P
Scotiabank analyst Phil Hardie maintains Brookfield Bus Partners (NYSE:BBU) with a Sector Outperform and raises the price target from $26.5 to $28.
Companies Reporting Before The Bell • W.W. Grainger (NYSE:GWW) is likely to report quarterly earnings at $8.05 per share on revenue of $4.04 billion. • AbbVie (NYSE:ABBV) is likely to report quarterly earnings at $2.77 per share on revenue of $14.02 billion. • Cboe Global Markets (BATS:CBOE) is expected to report quarterly earnings at $2.03 per share on revenue of $511.68 million. • Charter Communications (NASDAQ:CHTR) is expected to report quarterly earnings at $8.68 per share on revenue of $13.70 billion. • Bristol-Myers Squibb (NYSE:BMY) is projected to report quarterly earnings at $1.53 per share on revenue of $11.19 billion. • Exxon Mobil (NYSE:XOM) is expected to report quarterly
Brookfield Bus Partners (NYSE:BBU) is set to give its latest quarterly earnings report on Friday, 2024-02-02. Here's what investors need to know before the announcement. Analysts estimate that Brookfield Bus Partners will report an earnings per share (EPS) of $6.42. Brookfield Bus Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Here's a look at Brookfield Bus Partners's past performance and the resulting price change: