B. Riley Comments on BBX Capital Corp’s FY2019 Earnings (NYSE:BBX)

BBX Capital Corp (NYSE:BBX) – B. Riley boosted their FY2019 earnings estimates for shares of BBX Capital in a research report issued on Tuesday, November 5th. B. Riley analyst M. Crawford now expects that the financial services provider will post earnings per share of $0.10 for the year, up from their previous forecast of ($0.02). B. Riley currently has a “Buy” rating and a $11.00 price target on the stock. B. Riley also issued estimates for BBX Capital’s Q4 2019 earnings at ($0.03) EPS.

BBX Capital (NYSE:BBX) last released its quarterly earnings results on Friday, November 1st. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.14. The company had revenue of $255.11 million for the quarter, compared to the consensus estimate of $273.13 million. BBX Capital had a net margin of 2.42% and a return on equity of 4.36%.

Separately, Zacks Investment Research downgraded shares of BBX Capital from a “buy” rating to a “hold” rating in a research note on Wednesday.

BBX Capital stock opened at $4.73 on Friday. The company has a market cap of $457.60 million, a price-to-earnings ratio of 7.83 and a beta of 1.82. The firm’s fifty day moving average is $4.57 and its 200 day moving average is $4.58. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. BBX Capital has a 52-week low of $3.75 and a 52-week high of $6.84.

The company 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 of this dividend was Thursday, October 3rd.

A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its position in BBX Capital by 5,892.4% during the second quarter. Bank of Montreal Can now owns 5,513 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 5,421 shares during the last quarter. Aperio Group LLC bought a new position in BBX Capital during the second quarter valued at $28,000. Rhumbline Advisers increased its position in BBX Capital by 9.6% during the third quarter. Rhumbline Advisers now owns 99,426 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 8,691 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in BBX Capital by 2.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 384,313 shares of the financial services provider’s stock valued at $1,887,000 after acquiring an additional 10,390 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in BBX Capital by 64.8% during the third quarter. California Public Employees Retirement System now owns 31,795 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 12,503 shares during the last quarter. Institutional investors and hedge funds own 29.72% of the company’s stock.

BBX Capital Company Profile

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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Earnings History and Estimates for BBX Capital (NYSE:BBX)

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