Beazer Homes USA (NYSE:BZH – Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35, Briefing.com reports. The business had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 earnings per share.
Beazer Homes USA Stock Performance
Beazer Homes USA stock traded up $0.69 during midday trading on Friday, hitting $27.70. 541,536 shares of the company were exchanged, compared to its average volume of 401,733. The business has a fifty day simple moving average of $29.79 and a two-hundred day simple moving average of $29.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 13.50. The firm has a market capitalization of $873.94 million, a PE ratio of 5.35 and a beta of 2.25. Beazer Homes USA has a fifty-two week low of $19.67 and a fifty-two week high of $35.93.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on BZH. StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Friday. Wedbush reissued a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday.
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 also 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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