Beazer Homes USA, Inc. (NYSE:BZH) – Research analysts at Wedbush lowered their Q1 2020 earnings per share (EPS) estimates for Beazer Homes USA in a research report issued to clients and investors on Thursday, November 14th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $0.10 per share for the quarter, down from their prior forecast of $0.16. Wedbush currently has a “Outperform” rating and a $17.00 price objective on the stock. Wedbush also issued estimates for Beazer Homes USA’s FY2020 earnings at $2.03 EPS.
Beazer Homes USA (NYSE:BZH) last posted its earnings results on Wednesday, November 13th. The construction company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.43). Beazer Homes USA had a positive return on equity of 8.85% and a negative net margin of 3.81%. The firm had revenue of $773.00 million for the quarter, compared to analyst estimates of $777.55 million. During the same quarter last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
BZH opened at $15.70 on Monday. The business’s 50-day simple moving average is $15.29 and its 200-day simple moving average is $12.22. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.69 and a current ratio of 12.65. Beazer Homes USA has a one year low of $8.89 and a one year high of $16.70. The stock has a market capitalization of $483.59 million, a P/E ratio of 12.36 and a beta of 2.40.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Beazer Homes USA by 8.6% in the 2nd quarter. BlackRock Inc. now owns 2,829,261 shares of the construction company’s stock valued at $27,189,000 after acquiring an additional 224,891 shares during the period. Vanguard Group Inc. increased its position in Beazer Homes USA by 7.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,640,848 shares of the construction company’s stock valued at $15,768,000 after acquiring an additional 109,510 shares during the period. FMR LLC acquired a new position in Beazer Homes USA in the 1st quarter valued at about $10,786,000. Northern Trust Corp increased its position in Beazer Homes USA by 1.8% in the 2nd quarter. Northern Trust Corp now owns 803,562 shares of the construction company’s stock valued at $7,722,000 after acquiring an additional 13,886 shares during the period. Finally, Winslow Asset Management Inc. increased its position in Beazer Homes USA by 15.9% in the 2nd quarter. Winslow Asset Management Inc. now owns 633,467 shares of the construction company’s stock valued at $6,088,000 after acquiring an additional 86,930 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.
Beazer Homes USA Company Profile
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, Gatherings, and Choice Plans names. 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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