Beazer Homes USA (NYSE:BZH) Posts Earnings Results, Beats Estimates By $0.35 EPS

Beazer Homes USA (NYSE:BZH) released its earnings results on Wednesday. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.35, Briefing.com reports. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The firm had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was down .4% on a year-over-year basis.

Beazer Homes USA Stock Up 2.6 %

Shares of BZH traded up $0.69 during mid-day trading on Friday, hitting $27.70. The company’s stock had a trading volume of 541,536 shares, compared to its average volume of 401,733. The company has a current ratio of 13.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average is $29.79 and its 200-day moving average is $29.47. Beazer Homes USA has a 52-week low of $19.67 and a 52-week high of $35.93. The firm has a market capitalization of $873.94 million, a price-to-earnings ratio of 5.35 and a beta of 2.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Beazer Homes USA in a report on Thursday.

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 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.