Wall Street analysts expect Beazer Homes USA, Inc. (NYSE:BZH) to announce $0.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Beazer Homes USA’s earnings, with estimates ranging from $0.16 to $0.21. Beazer Homes USA reported earnings per share of $0.41 in the same quarter last year, which would suggest a negative year-over-year growth rate of 53.7%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that Beazer Homes USA will report full year earnings of ($2.13) per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.75 to $2.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, May 2nd. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.98 million. Beazer Homes USA had a negative net margin of 0.93% and a positive return on equity of 10.34%. Beazer Homes USA’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS.
Several analysts have commented on BZH shares. TheStreet upgraded shares of Secureworks from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. ValuEngine cut shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, Wedbush restated a “buy” rating and set a $36.00 price objective on shares of Allena Pharmaceuticals in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.25.
BZH stock traded up $0.07 during trading on Friday, reaching $10.67. The company had a trading volume of 509,664 shares, compared to its average volume of 390,269. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.93 and a current ratio of 13.97. Beazer Homes USA has a twelve month low of $8.16 and a twelve month high of $15.78. The business has a 50-day simple moving average of $9.73. The firm has a market cap of $341.87 million, a P/E ratio of 5.36 and a beta of 2.58.
In other Beazer Homes USA news, insider Allan P. Merrill acquired 5,192 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $9.63 per share, for a total transaction of $49,998.96. Following the purchase, the insider now owns 537,127 shares in the company, valued at approximately $5,172,533.01. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Beazer Homes USA during the 1st quarter valued at approximately $55,000. BNP Paribas Arbitrage SA increased its holdings in shares of Beazer Homes USA by 152.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,284 shares of the construction company’s stock valued at $72,000 after purchasing an additional 3,796 shares in the last quarter. Quantamental Technologies LLC increased its holdings in shares of Beazer Homes USA by 203.0% during the 1st quarter. Quantamental Technologies LLC now owns 8,210 shares of the construction company’s stock valued at $94,000 after purchasing an additional 5,500 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Beazer Homes USA by 405.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $100,000 after purchasing an additional 8,460 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new position in shares of Beazer Homes USA during the 1st quarter valued at approximately $139,000. 81.56% of the stock is owned by hedge funds and other institutional investors.
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, Gatherings, and Choice Plans names. 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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