Zacks: Analysts Expect Bluegreen Vacations Holding Co. (NYSE:BVH) Will Post Earnings of $0.53 Per Share

Equities research analysts expect that Bluegreen Vacations Holding Co. (NYSE:BVH – Get Rating) will announce earnings per share of $0.53 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Bluegreen Vacations’ earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.41. Bluegreen Vacations reported earnings per share of $0.15 during the same quarter last year, which indicates a positive year-over-year growth rate of 253.3%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Bluegreen Vacations will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.63. For the next financial year, analysts forecast that the firm will post earnings of $3.79 per share, with EPS estimates ranging from $3.60 to $3.97. Zacks’ EPS averages are an average based on a survey of analysts that cover Bluegreen Vacations.

Bluegreen Vacations (NYSE:BVH – Get Rating) last released its earnings results on Thursday, March 3rd. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). The company had revenue of $203.00 million during the quarter, compared to analysts’ expectations of $203.90 million. Bluegreen Vacations had a net margin of 7.75% and a return on equity of 19.90%.

A number of research firms have weighed in on BVH. Truist Financial boosted their target price on shares of Bluegreen Vacations from $44.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, March 8th. Zacks Investment Research raised shares of Bluegreen Vacations from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, March 7th.

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in Bluegreen Vacations during the 4th quarter worth approximately $49,000. Citigroup Inc. increased its holdings in Bluegreen Vacations by 116.7% during the 3rd quarter. Citigroup Inc. now owns 1,933 shares of the company’s stock worth $50,000 after acquiring an additional 1,041 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in Bluegreen Vacations during the 4th quarter worth approximately $50,000. Nkcfo LLC bought a new stake in Bluegreen Vacations during the 4th quarter worth approximately $52,000. Finally, Dorsey Wright & Associates purchased a new position in Bluegreen Vacations in the 4th quarter worth approximately $77,000. 36.68% of the stock is currently owned by institutional investors and hedge funds.

BVH opened at $28.04 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. The stock has a market cap of $601.71 million, a price-to-earnings ratio of 10.12 and a beta of 1.83. Bluegreen Vacations has a twelve month low of $15.85 and a twelve month high of $36.10. The company’s 50-day moving average price is $28.87 and its two-hundred day moving average price is $29.68.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, April 29th.

About Bluegreen Vacations (Get Rating)

Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, and others. The company also provides resort management, mortgage, title, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners' associations.

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