According to Zacks, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers. “
Beazer Homes USA (NYSE:BZH) traded down 0.21% on Wednesday, reaching $14.30. 621,721 shares of the company’s stock were exchanged. The stock has a market capitalization of $378.74 million and a PE ratio of 9.73. The firm has a 50 day moving average of $14.84 and a 200 day moving average of $17.31. Beazer Homes USA has a 12 month low of $12.95 and a 12 month high of $21.19.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, August 4th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm earned $429.40 million during the quarter, compared to analyst estimates of $471.62 million. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. Equities analysts predict that Beazer Homes USA will post $1.06 earnings per share for the current fiscal year.
Several other equities research analysts also recently commented on BZH. Compass Point raised Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a report on Monday, October 19th. JPMorgan Chase & Co. boosted their price objective on Beazer Homes USA from $16.00 to $19.50 in a report on Friday, September 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.75.
Beazer Homes USA, Inc. is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are built to attract homeowners at various price points and are normally offered for sale in advance of the building. It has three homebuilding segments: West, which includes Arizona, California, Nevada and Texas; East, which comprises Delaware, Indiana, Maryland, New Jersey, New York, Pennsylvania, Tennessee (NYSE:BZH) and Virginia; and Southeast, which includes Florida, Georgia, North Carolina (Raleigh) and South Carolina. The Company associates with Moen, Certain Teed and DuPont Tyvek. The Company provides advice regarding the active communities through its Internet Website located atwww.beazer.com.
This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/885181/beazer-homes-usa-stock-rating-upgraded-by-zacks-bzh/
Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.