Wall Street brokerages expect Bluegreen Vacations Co. (NYSE:BXG) to report earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bluegreen Vacations’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.61. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Bluegreen Vacations will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.42. For the next financial year, analysts forecast that the firm will post earnings of $1.23 per share, with EPS estimates ranging from $1.14 to $1.37. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Bluegreen Vacations.
A number of equities research analysts recently weighed in on BXG shares. 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 note on Tuesday. Stifel Nicolaus started coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They set a “buy” rating and a $18.00 price objective for the company. SunTrust Banks started coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Bank of America started coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They set a “buy” rating and a $20.00 price objective for the company.
A number of institutional investors have recently added to or reduced their stakes in BXG. Millennium Management LLC purchased a new stake in Bluegreen Vacations in the fourth quarter valued at about $14,569,000. Driehaus Capital Management LLC purchased a new stake in Bluegreen Vacations in the fourth quarter valued at about $5,518,000. State of Wisconsin Investment Board purchased a new stake in Bluegreen Vacations in the fourth quarter valued at about $4,565,000. Goldman Sachs Group Inc. purchased a new stake in Bluegreen Vacations in the fourth quarter valued at about $984,000. Finally, Two Sigma Investments LP purchased a new stake in Bluegreen Vacations in the fourth quarter valued at about $314,000.
Shares of Bluegreen Vacations (NYSE:BXG) traded down $0.06 during midday trading on Wednesday, hitting $18.57. The company had a trading volume of 77,017 shares, compared to its average volume of 90,580. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.55 and a quick ratio of 6.14. Bluegreen Vacations has a 1 year low of $12.50 and a 1 year high of $19.89.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.23%. 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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