Wall Street brokerages expect Beazer Homes USA, Inc. (NYSE:BZH) to report earnings per share (EPS) of $0.97 for the current quarter, according to Zacks. Two analysts have issued estimates for Beazer Homes USA’s earnings, with estimates ranging from $0.91 to $1.02. Beazer Homes USA reported earnings per share of $0.99 during the same quarter last year, which suggests a negative year-over-year growth rate of 2%. The company is expected to announce its next earnings report on Tuesday, November 13th.
On average, analysts expect that Beazer Homes USA will report full year earnings of $1.75 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.50 to $2.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, July 26th. The construction company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $511.52 million during the quarter, compared to analysts’ expectations of $512.33 million. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share.
BZH has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. ValuEngine cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.50.
Several hedge funds and other institutional investors have recently modified their holdings of BZH. Metropolitan Life Insurance Co. NY increased its position in Beazer Homes USA by 405.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock worth $156,000 after purchasing an additional 8,460 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Beazer Homes USA during the second quarter worth about $265,000. NJ State Employees Deferred Compensation Plan acquired a new stake in Beazer Homes USA during the second quarter worth about $295,000. A.R.T. Advisors LLC acquired a new stake in Beazer Homes USA during the first quarter worth about $400,000. Finally, Cubist Systematic Strategies LLC increased its position in Beazer Homes USA by 197.0% during the first quarter. Cubist Systematic Strategies LLC now owns 25,326 shares of the construction company’s stock worth $404,000 after purchasing an additional 16,800 shares during the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.
Shares of NYSE BZH traded up $0.10 during mid-day trading on Thursday, reaching $12.03. The company’s stock had a trading volume of 433,200 shares, compared to its average volume of 531,091. The stock has a market capitalization of $398.70 million, a price-to-earnings ratio of 7.75 and a beta of 2.47. The company has a quick ratio of 1.23, a current ratio of 13.59 and a debt-to-equity ratio of 2.28. Beazer Homes USA has a 1-year low of $11.62 and a 1-year high of $23.24.
About Beazer Homes USA
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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