BBX Capital (NYSE:BBX) announced its quarterly earnings results on Monday. The financial services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08, Fidelity Earnings reports. BBX Capital had a net margin of 9.98% and a return on equity of 7.73%.
Shares of BBX Capital stock traded up $0.03 on Tuesday, reaching $6.18. 7,518 shares of the stock were exchanged, compared to its average volume of 257,313. BBX Capital has a one year low of $5.23 and a one year 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. The company has a market cap of $595.82 million, a PE ratio of 8.57 and a beta of 1.78.
Separately, Zacks Investment Research upgraded shares of BBX Capital from a “hold” rating to a “strong-buy” rating and set a $7.25 price target on the stock in a research note on Thursday, February 21st.
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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