Beazer Homes USA (NYSE:BZH – Get Free Report) released its quarterly earnings results on Thursday. The construction company reported $1.80 earnings per share 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 business had revenue of $645.40 million for the quarter, compared to the consensus estimate of $627.29 million. During the same quarter last year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was down 22.0% on a year-over-year basis.
Beazer Homes USA Stock Down 9.3 %
NYSE BZH opened at $27.43 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.28 and a quick ratio of 2.55. Beazer Homes USA has a 1 year low of $12.29 and a 1 year high of $35.93. The business’s 50-day moving average is $25.51 and its 200 day moving average is $25.86. The stock has a market capitalization of $859.66 million, a PE ratio of 4.79 and a beta of 2.33.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on BZH shares. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Tuesday, October 10th. StockNews.com started coverage on Beazer Homes USA in a research note on Thursday, October 5th. They set a “hold” rating on the stock. B. Riley raised their price objective on Beazer Homes USA from $28.00 to $38.00 in a research note on Friday, July 28th. Sidoti raised Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, August 23rd. Finally, Zelman & Associates raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Beazer Homes USA presently has a consensus rating of “Moderate Buy” and an average target price of $35.33.
Institutional Trading of Beazer Homes USA
Several institutional investors and hedge funds have recently bought and sold shares of BZH. Apollo Management Holdings L.P. purchased a new stake in Beazer Homes USA in the first quarter worth about $21,323,000. AQR Capital Management LLC lifted its holdings in Beazer Homes USA by 140.0% in the fourth quarter. AQR Capital Management LLC now owns 519,290 shares of the construction company’s stock worth $6,626,000 after buying an additional 302,939 shares during the period. Norges Bank purchased a new stake in Beazer Homes USA in the fourth quarter worth about $3,401,000. Marshall Wace LLP purchased a new position in shares of Beazer Homes USA during the second quarter valued at approximately $7,411,000. Finally, Morgan Stanley lifted its holdings in shares of Beazer Homes USA by 47.2% during the third quarter. Morgan Stanley now owns 756,013 shares of the construction company’s stock valued at $18,832,000 after purchasing an additional 242,243 shares during the last quarter. 79.07% of the stock is currently 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. 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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