$0.41 Earnings Per Share Expected for Beazer Homes USA, Inc. (BZH) This Quarter

Wall Street analysts expect that Beazer Homes USA, Inc. (NYSE:BZH) will post $0.41 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Beazer Homes USA’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.39. Beazer Homes USA posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 78.3%. The company is expected to issue its next earnings results on Tuesday, August 7th.

On average, analysts expect that Beazer Homes USA will report full-year earnings of $1.64 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $2.25 per share, with EPS estimates ranging from $1.98 to $2.52. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Beazer Homes USA.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Wednesday, May 2nd. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.20. Beazer Homes USA had a negative net margin of 3.97% and a positive return on equity of 9.71%. The company had revenue of $455.20 million for the quarter, compared to the consensus estimate of $439.15 million. During the same period last year, the company posted ($0.23) EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year.

BZH has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 10th. Wedbush reiterated an “outperform” rating and issued a $22.00 price objective on shares of Beazer Homes USA in a report on Thursday, May 3rd. Finally, Credit Suisse Group set a $16.00 price objective on shares of Beazer Homes USA and gave the company a “hold” rating in a report on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Synovus Financial Corp raised its holdings in Beazer Homes USA by 6.6% in the 1st quarter. Synovus Financial Corp now owns 65,127 shares of the construction company’s stock valued at $1,040,000 after buying an additional 4,006 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Beazer Homes USA by 3.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 164,409 shares of the construction company’s stock valued at $2,623,000 after buying an additional 4,928 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in Beazer Homes USA by 32.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 23,886 shares of the construction company’s stock valued at $459,000 after buying an additional 5,904 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in Beazer Homes USA by 10.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 67,400 shares of the construction company’s stock valued at $1,075,000 after buying an additional 6,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Beazer Homes USA by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 698,724 shares of the construction company’s stock valued at $11,145,000 after buying an additional 6,623 shares during the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.

Shares of BZH traded down $0.02 during mid-day trading on Thursday, reaching $14.92. The company had a trading volume of 214,900 shares, compared to its average volume of 540,832. Beazer Homes USA has a 1-year low of $13.09 and a 1-year high of $23.24. The company has a current ratio of 16.04, a quick ratio of 1.72 and a debt-to-equity ratio of 2.34. The company has a market cap of $502.40 million, a P/E ratio of 9.70 and a beta of 2.43.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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Earnings History and Estimates for Beazer Homes USA (NYSE:BZH)

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