BBX Capital Corp (NYSE:BBX) – Stock analysts at B. Riley raised their FY2019 EPS estimates for shares of BBX Capital in a report issued on Tuesday, November 5th. B. Riley analyst M. Crawford now anticipates that the financial services provider will post earnings per share of $0.10 for the year, up from their previous estimate of ($0.02). B. Riley has a “Buy” rating and a $11.00 price objective on the stock. B. Riley also issued estimates for BBX Capital’s Q4 2019 earnings at ($0.03) EPS.
BBX Capital (NYSE:BBX) last announced its quarterly earnings data on Friday, November 1st. The financial services provider reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.14. BBX Capital had a net margin of 2.42% and a return on equity of 4.36%. The company had revenue of $255.11 million for the quarter, compared to the consensus estimate of $273.13 million.
Separately, Zacks Investment Research downgraded shares of BBX Capital from a “buy” rating to a “hold” rating in a research report on Wednesday.
Shares of NYSE:BBX remained flat at $$4.73 during trading hours on Friday. 253,247 shares of the company’s stock were exchanged, compared to its average volume of 204,011. BBX Capital has a 52 week low of $3.75 and a 52 week high of $6.84. The business’s 50-day moving average is $4.58 and its 200 day moving average is $4.59. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The stock has a market cap of $457.60 million, a PE ratio of 7.83 and a beta of 1.82.
A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in shares of BBX Capital by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,193,777 shares of the financial services provider’s stock worth $5,861,000 after acquiring an additional 62,100 shares during the period. Aperio Group LLC acquired a new position in shares of BBX Capital during the 2nd quarter worth approximately $28,000. Parametric Portfolio Associates LLC acquired a new position in shares of BBX Capital during the 2nd quarter worth approximately $72,000. Nuveen Asset Management LLC acquired a new position in shares of BBX Capital during the 2nd quarter worth approximately $3,600,000. Finally, Panagora Asset Management Inc. increased its position in shares of BBX Capital by 66.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 510,708 shares of the financial services provider’s stock worth $2,508,000 after purchasing an additional 204,175 shares during the last quarter. 29.72% of the stock is currently owned by institutional investors.
The firm also recently disclosed a — dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.0125 per share. This represents a yield of 1.1%. The ex-dividend date was Thursday, October 3rd.
About BBX Capital
BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.
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