Beazer Homes USA (NYSE:BZH – Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.41, Briefing.com reports. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The company had revenue of $645.40 million during the quarter, compared to the consensus estimate of $627.29 million. During the same quarter in the prior year, the firm earned $2.82 EPS. The company’s quarterly revenue was down 22.0% compared to the same quarter last year.
Beazer Homes USA Trading Down 10.2 %
NYSE BZH opened at $27.17 on Friday. Beazer Homes USA has a 1-year low of $12.29 and a 1-year high of $35.93. The company has a current ratio of 15.28, a quick ratio of 2.55 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $851.51 million, a PE ratio of 4.40 and a beta of 2.33. The firm’s fifty day simple moving average is $25.49 and its 200-day simple moving average is $25.92.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on BZH shares. StockNews.com started coverage on Beazer Homes USA in a research report on Thursday, October 5th. They set a “hold” rating for the company. Wedbush reissued a “neutral” rating and set a $32.00 target price on shares of Beazer Homes USA in a research note on Friday. B. Riley boosted their target price on shares of Beazer Homes USA from $28.00 to $38.00 in a research note on Friday, July 28th. Sidoti raised shares of Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, August 23rd. Finally, Zelman & Associates raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA has an average rating of “Moderate Buy” and a consensus target price of $35.33.
Hedge Funds Weigh In On Beazer Homes USA
A number of hedge funds have recently modified their holdings of BZH. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 136,954 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 acquiring an additional 3,073 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of 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 acquiring an additional 5,973 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of Beazer Homes USA in the first quarter worth $196,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 5,052 shares during the last quarter. 79.07% of the stock is owned by institutional investors and hedge funds.
Beazer Homes USA Company Profile
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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