Beazer Homes USA (NYSE:BZH) Releases Quarterly Earnings Results

Beazer Homes USA (NYSE:BZH) announced its earnings results on Thursday. The construction company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.41, Briefing.com reports. The company 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 quarterly revenue was down 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 earnings per share.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock traded down $2.41 during mid-day trading on Friday, reaching $27.83. 287,444 shares of the stock traded hands, compared to its average volume of 359,759. Beazer Homes USA has a fifty-two week low of $12.29 and a fifty-two week high of $35.93. The company has a quick ratio of 2.55, a current ratio of 15.28 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $872.19 million, a PE ratio of 4.45 and a beta of 2.33. The business has a 50-day moving average of $25.51 and a 200 day moving average of $25.86.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new position in shares of Beazer Homes USA during the second quarter worth $31,000. UniSuper Management Pty Ltd acquired a new stake in shares of Beazer Homes USA during the second quarter worth about $46,000. Tower Research Capital LLC TRC increased its position in Beazer Homes USA by 84.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,623 shares of the construction company’s stock valued at $46,000 after acquiring an additional 743 shares during the period. Dark Forest Capital Management LP purchased a new stake in Beazer Homes USA in the 1st quarter valued at approximately $31,000. Finally, Captrust Financial Advisors boosted its holdings in Beazer Homes USA by 60.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock valued at $32,000 after purchasing an additional 985 shares in the last quarter. Institutional investors and hedge funds own 79.07% of the company’s stock.

Analyst Ratings Changes

BZH has been the topic of a number of recent research reports. Zelman & Associates upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Sidoti raised Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, August 23rd. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Tuesday, October 10th. StockNews.com started coverage on Beazer Homes USA in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, B. Riley increased their price objective on Beazer Homes USA from $28.00 to $38.00 in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

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.