Beazer Homes USA (NYSE:BZH) Issues Earnings Results, Misses Expectations By $0.21 EPS

Beazer Homes USA (NYSE:BZH) announced its quarterly earnings data on Thursday. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21), Zacks reports. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%.

Beazer Homes USA Stock Up 3.0 %

NYSE BZH traded up $0.81 during trading on Thursday, reaching $27.75. 332,046 shares of the company’s stock traded hands, compared to its average volume of 264,403. The company has a debt-to-equity ratio of 0.83, a current ratio of 14.29 and a quick ratio of 1.87. The firm has a market cap of $865.89 million, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.32 and a beta of 2.24. The company’s 50 day simple moving average is $29.69 and its two-hundred day simple moving average is $31.02. Beazer Homes USA has a 12-month low of $25.39 and a 12-month high of $38.22.

Insider Buying and Selling at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at $4,199,988.24. The trade was a 4.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a report on Monday, December 23rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.67.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.