Brokerages Anticipate BBX Capital Corp (NYSE:BBX) to Post $0.06 Earnings Per Share

Shares of BBX Capital Corp (NYSE:BBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $13.00 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BBX Capital an industry rank of 102 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of BBX Capital from a “buy” rating to a “hold” rating in a research report on Monday, March 18th.

A number of institutional investors have recently modified their holdings of BBX. Marshall Wace LLP purchased a new stake in shares of BBX Capital in the first quarter valued at about $393,000. TCW Group Inc. lifted its position in BBX Capital by 6.6% during the 1st quarter. TCW Group Inc. now owns 1,330,105 shares of the financial services provider’s stock worth $7,874,000 after acquiring an additional 82,695 shares during the period. Kennedy Capital Management Inc. lifted its position in BBX Capital by 6.6% during the 1st quarter. Kennedy Capital Management Inc. now owns 1,717,400 shares of the financial services provider’s stock worth $10,167,000 after acquiring an additional 106,023 shares during the period. Alambic Investment Management L.P. acquired a new stake in BBX Capital during the 1st quarter worth approximately $337,000. Finally, Martingale Asset Management L P acquired a new stake in BBX Capital during the 1st quarter worth approximately $278,000. 29.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BBX remained flat at $$4.55 during trading hours on Thursday. 32,225 shares of the stock were exchanged, compared to its average volume of 215,371. The stock has a fifty day moving average of $4.50. The company has a market capitalization of $445.80 million, a price-to-earnings ratio of 7.60 and a beta of 1.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.23 and a current ratio of 1.23. BBX Capital has a 1-year low of $3.83 and a 1-year high of $9.48.

BBX Capital (NYSE:BBX) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The company had revenue of $221.06 million for the quarter, compared to analyst estimates of $209.85 million. BBX Capital had a return on equity of 7.82% and a net margin of 4.99%. Equities research analysts forecast that BBX Capital will post 0.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a yield of 1.14%. This is a boost from BBX Capital’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, July 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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