Zacks: Analysts Expect Bluegreen Vacations Co. (BXG) Will Post Earnings of $0.26 Per Share

Wall Street analysts expect Bluegreen Vacations Co. (NYSE:BXG) to post earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bluegreen Vacations’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.61. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Bluegreen Vacations will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.87 to $1.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $1.14 to $1.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Bluegreen Vacations.

A number of brokerages have recently weighed in on BXG. Zacks Investment Research upgraded Bluegreen Vacations from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday. SunTrust Banks began coverage on Bluegreen Vacations in a research report on Tuesday, December 12th. They set a “buy” rating and a $19.00 price objective for the company. Stifel Nicolaus began coverage on Bluegreen Vacations in a research report on Tuesday, December 12th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Bank of America began coverage on Bluegreen Vacations in a research report on Tuesday, December 12th. They set a “buy” rating and a $20.00 price objective for the company.

In other Bluegreen Vacations news, EVP Susan Saturday purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $14.00 per share, with a total value of $42,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan B. Levan sold 974,797 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $14.00, for a total transaction of $13,647,158.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 12,000 shares of company stock valued at $167,020.

A hedge fund recently bought a new stake in Bluegreen Vacations stock. State of Wisconsin Investment Board purchased a new stake in Bluegreen Vacations Co. (NYSE:BXG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 250,000 shares of the company’s stock, valued at approximately $4,565,000. State of Wisconsin Investment Board owned about 0.33% of Bluegreen Vacations at the end of the most recent quarter.

Bluegreen Vacations (NYSE BXG) opened at $17.95 on Wednesday. The company has a current ratio of 8.55, a quick ratio of 6.14 and a debt-to-equity ratio of 1.86. Bluegreen Vacations has a 12-month low of $12.50 and a 12-month high of $19.89.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, January 12th.

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About Bluegreen Vacations

Bluegreen Corporation operates as a sales, marketing, and management company focusing on the vacation ownership industry in the United States. The company markets, sells, and manages vacation ownership interests (VOIs) in resorts that are developed or acquired by the company, or developed and owned by others.

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