Beazer Homes USA (NYSE:BZH – Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.41, Briefing.com reports. The firm had revenue of $645.40 million during the quarter, compared to analysts’ expectations of $627.29 million. Beazer Homes USA had a net margin of 7.94% and a return on equity of 18.66%. Beazer Homes USA’s revenue for the quarter was down 22.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share.
Beazer Homes USA Stock Down 10.2 %
Shares of BZH opened at $27.17 on Friday. The company has a 50-day simple moving average of $25.49 and a 200-day simple moving average of $25.92. The firm has a market capitalization of $851.51 million, a P/E ratio of 4.40 and a beta of 2.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.55 and a current ratio of 15.28. Beazer Homes USA has a 52 week low of $12.29 and a 52 week high of $35.93.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Beazer Homes USA in a report on Thursday, October 5th. They issued a “hold” rating for the company. Zelman & Associates upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Sidoti upgraded shares of Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, August 23rd. B. Riley upped their price target on shares of Beazer Homes USA from $28.00 to $38.00 in a report on Friday, July 28th. Finally, Wedbush restated a “neutral” rating and set a $32.00 price target on shares of Beazer Homes USA in a report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and an average price target of $35.33.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BZH. JPMorgan Chase & Co. raised its position in Beazer Homes USA by 107.3% in the first quarter. JPMorgan Chase & Co. now owns 264,624 shares of the construction company’s stock worth $4,027,000 after purchasing an additional 136,954 shares in the last quarter. Bank of New York Mellon Corp raised its position in Beazer Homes USA by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 167,312 shares of the construction company’s stock worth $2,547,000 after purchasing an additional 3,073 shares in the last quarter. MetLife Investment Management LLC raised its position in Beazer Homes USA by 54.6% in the first quarter. MetLife Investment Management LLC now owns 16,908 shares of the construction company’s stock worth $257,000 after purchasing an additional 5,973 shares in the last quarter. Cibc World Market Inc. acquired a new position in Beazer Homes USA in the first quarter worth about $196,000. Finally, Dimensional Fund Advisors LP raised its position in Beazer Homes USA by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,013,201 shares of the construction company’s stock worth $15,422,000 after purchasing an additional 5,052 shares in the last quarter. Institutional investors and hedge funds own 79.07% of the company’s stock.
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 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.
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