Brookfield Asset Management Inc (NYSE:BAM) is expected to report third quarter earnings results, before market open, on Thursday 12th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.47 per share.
Looking ahead, the full year income are expected at $ 0.14 per share on the revenues of $ 57459.20 million.
Previous Quarter Performance
Brookfield Asset Management Inc unwinded loss for the second quarter of $ 0.43 per share, from the revenue of $ 12,829.00 million. Wall street analysts are predicting, BAM to report 2Q20 income of $ 0.39 per share from revenue of $ 14000.00 million. The bottom line results missed street analysts by $ 0.82 or 210.26 percent, at the same time, top line results fell short of analysts by $ 1 million or 8.36 percent.
Stock Performance
Shares of Brookfield Asset Management Inc traded up $ 0.29 or 0.78 percent on Wednesday, reaching $ 37.70 with volume of 6.11 million shares. Brookfield Asset Management Inc has traded high as $ 38.33 and has cracked $ 37.43 on the downward trend
The closing price of $ 37.70, representing a 73.44 % increase from the 52 week low of $ 21.57 and a 17.98 % decrease over the 52 week high of $ 45.61.
The company has a market capital of $ 59.52 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 19th October 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
On August 13, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 30, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Brookfield Asset Management Inc will be hosting a conference call at 11:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-866-688-9425 Toll Free, (United States) or 1-409-216-0815 Outside U.S., with passcode : 2235277 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.brookfield.com
Brookfield Asset Management Inc. is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
