Analysts expect Bluegreen Vacations Holding Co. (NYSE:BVH) to report quarterly sales of $203.90 million
Brokerages expect Bluegreen Vacations Holding Co. (NYSE:BVH) to report sales of $203.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts made earnings estimates for Bluegreen Vacations. The highest sales estimate is $205.20 million and the lowest is $202.59 million. Bluegreen Vacations recorded sales of $151.23 million in the same quarter last year, which would indicate a positive growth rate of 34.8% year over year. The company is expected to release its next quarterly earnings report on Monday, March 7.
According to Zacks, analysts expect Bluegreen Vacations to post annual revenue of $757.04 million for the current fiscal year, with estimates ranging from $756.98 million to $757.10 million. of dollars. For the next fiscal year, analysts expect the company to report sales of $814.29 million, with estimates ranging from $787.68 million to $840.90 million. Zacks Investment Research sales calculations are an average based on a survey of sell-side research firms that provide coverage for Bluegreen Vacations.
Bluegreen Vacations Inc (NYSE:BVH) last released its results on Tuesday, November 2. The company reported earnings per share of $1.06 for the quarter, beating the consensus estimate of $0.66 by $0.40. Bluegreen Vacations achieved a net margin of 7.72% and a return on equity of 19.53%. The company posted revenue of $214.52 million for the quarter, versus a consensus estimate of $205.48 million. In the same quarter of the previous year, the company achieved EPS of ($1.53).
Several brokerages have recently commented on BVH. B. Riley raised his price target on shares of Bluegreen Vacations from $42.50 to $59.00 and gave the stock a “buy” rating in a report on Friday, Nov. 5. Zacks Investment Research downgraded shares of Bluegreen Vacations from a “strong buy” rating to a “hold” rating in a Wednesday, Jan. 19, report. TheStreet upgraded shares of Bluegreen Vacations from a “d+” rating to a “c-” rating in a Friday, October 8 research report. Finally, Truist Financial raised its price target on shares of Bluegreen Vacations from $41.00 to $44.00 and gave the company a “buy” rating in a Tuesday, November 16 research report.
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BVH opened at $29.97 on Tuesday. The company has a debt ratio of 0.45, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty-day moving average price of $32.22 and a 200-day moving average price of $26.73. Bluegreen Vacations has a 1 year minimum of $13.15 and a 1 year maximum of $36.10. The stock has a market capitalization of $628.68 million, a P/E ratio of 11.53 and a beta of 1.85.
Separately, CEO Alan B. Levan purchased 6,589 shares of the company in a transaction dated Monday, November 8. The shares were acquired at an average price of $29.90 per share, with a total value of $197,011.10. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Also, Vice President John E. Abdo acquired 1,326 shares of the company in a transaction that took place on Thursday, November 18. The shares were purchased at an average price of $31.77 per share, with a total value of $42,127.02. Disclosure of this purchase can be found here. Over the past ninety days, insiders have purchased 109,982 shares of the company valued at $3,342,320. Company insiders own 33.20% of the company’s shares.
A number of institutional investors have recently increased or reduced their stake in BVH. Deutsche Bank AG increased its stake in shares of Bluegreen Vacations by 10.0% during the 2nd quarter. Deutsche Bank AG now owns 8,979 shares of the company valued at $162,000 after buying 813 additional shares in the last quarter. BlackRock Inc. increased its position in Bluegreen Vacations by 15.4% in the second quarter. BlackRock Inc. now owns 859,836 shares of the company worth $15,477,000 after purchasing an additional 114,442 shares during the period. Bank of New York Mellon Corp increased its position in Bluegreen Vacations by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 50,585 shares of the company worth $911,000 after purchasing an additional 7,474 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Bluegreen Vacations in the second quarter valued at $220,000. Finally, Vanguard Group Inc. increased its position in Bluegreen Vacations by 6.8% in the second quarter. Vanguard Group Inc. now owns 685,956 shares of the company worth $12,348,000 after purchasing an additional 43,533 shares during the period. 36.02% of the shares are currently held by hedge funds and other institutional investors.
About Bluegreen Vacations
Bluegreen Vacations Holding Corp. is a holding company engaged in real estate, real estate joint ventures and middle market operating businesses. It operates through the following segments: Bluegreen, BBX Capital Real Estate, Renin and BBX Sweet Holdings. The Bluegreen segment markets, sells and manages real estate-based vacation ownership interests in resorts located in popular, high-volume, drive-in vacation destinations.
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