BBX Capital Corp Forecasted to Earn Q3 2019 Earnings of $0.13 Per Share (BBX)

BBX Capital Corp (NYSE:BBX) – Investment analysts at B. Riley raised their Q3 2019 earnings estimates for BBX Capital in a research note issued to investors on Thursday, March 14th. B. Riley analyst M. Crawford now expects that the financial services provider will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.12. B. Riley also issued estimates for BBX Capital’s Q4 2019 earnings at $0.07 EPS.

Separately, Zacks Investment Research lowered shares of BBX Capital from a “buy” rating to a “hold” rating in a research report on Friday, January 25th.

NYSE:BBX opened at $6.14 on Friday. The stock has a market capitalization of $605.52 million, a price-to-earnings ratio of 8.53 and a beta of 1.62. BBX Capital has a 12 month low of $5.23 and a 12 month high of $10.17. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.21.

BBX Capital (NYSE:BBX) last released its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.08. BBX Capital had a net margin of 9.98% and a return on equity of 7.73%.

A number of large investors have recently added to or reduced their stakes in BBX. Bank of New York Mellon Corp boosted its position in BBX Capital by 33.0% in the second quarter. Bank of New York Mellon Corp now owns 726,389 shares of the financial services provider’s stock valued at $6,559,000 after buying an additional 180,144 shares in the last quarter. Northern Trust Corp boosted its position in BBX Capital by 312.5% in the second quarter. Northern Trust Corp now owns 738,148 shares of the financial services provider’s stock valued at $6,665,000 after buying an additional 559,185 shares in the last quarter. First Trust Advisors LP bought a new position in shares of BBX Capital in the third quarter worth about $729,000. Engineers Gate Manager LP raised its stake in shares of BBX Capital by 26.8% in the third quarter. Engineers Gate Manager LP now owns 42,457 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 8,985 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of BBX Capital in the third quarter worth about $140,000. Hedge funds and other institutional investors own 29.10% 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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