Bluegreen Vacations Holding Co. (NYSE:BVH) Expected to Announce Earnings of $0.89 Per Share

Equities analysts expect that Bluegreen Vacations Holding Co. (NYSE:BVHGet Rating) will post $0.89 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bluegreen Vacations’ earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $1.03. Bluegreen Vacations posted earnings per share of $0.93 in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bluegreen Vacations will report full-year earnings of $3.77 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.99. For the next fiscal year, analysts anticipate that the business will post earnings of $4.20 per share, with EPS estimates ranging from $3.80 to $4.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Bluegreen Vacations.

Bluegreen Vacations (NYSE:BVHGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.23. Bluegreen Vacations had a net margin of 8.90% and a return on equity of 23.36%. During the same period in the previous year, the business earned $0.15 earnings per share.

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

NYSE:BVH traded down $0.93 during trading hours on Friday, hitting $25.83. 449 shares of the company traded hands, compared to its average volume of 57,059. The stock has a market capitalization of $521.25 million, a price-to-earnings ratio of 7.92 and a beta of 1.78. Bluegreen Vacations has a twelve month low of $15.85 and a twelve month high of $36.10. The firm has a 50-day moving average of $27.92 and a 200 day moving average of $29.86. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, April 29th. Bluegreen Vacations’s dividend payout ratio (DPR) is presently 17.75%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley grew its holdings in Bluegreen Vacations by 819.6% during the 2nd quarter. Morgan Stanley now owns 23,412 shares of the company’s stock worth $420,000 after acquiring an additional 20,866 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Bluegreen Vacations during the 2nd quarter worth approximately $368,000. Millennium Management LLC acquired a new stake in Bluegreen Vacations during the 2nd quarter worth approximately $491,000. Wells Fargo & Company MN raised its holdings in Bluegreen Vacations by 4.6% during the 2nd quarter. Wells Fargo & Company MN now owns 64,278 shares of the company’s stock worth $1,157,000 after buying an additional 2,843 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Bluegreen Vacations during the 3rd quarter worth approximately $283,000. 37.33% of the stock is currently owned by institutional investors and hedge funds.

Bluegreen Vacations Company Profile (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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Earnings History and Estimates for Bluegreen Vacations (NYSE:BVH)

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