Beazer Homes USA (NYSE:BZH – Get Free Report) 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. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The company had revenue of $645.40 million for the quarter, compared to analyst estimates of $627.29 million. During the same period in the prior year, the company posted $2.82 EPS. Beazer Homes USA’s quarterly revenue was down 22.0% on a year-over-year basis.
Beazer Homes USA Stock Performance
BZH stock opened at $27.17 on Friday. The company has a current ratio of 15.28, a quick ratio of 2.55 and a debt-to-equity ratio of 0.94. The firm has a market cap of $851.51 million, a P/E ratio of 4.40 and a beta of 2.33. Beazer Homes USA has a 12-month low of $12.29 and a 12-month high of $35.93. The stock’s 50 day simple moving average is $25.49 and its 200 day simple moving average is $25.97.
Wall Street Analysts Forecast Growth
BZH has been the topic of a number of research analyst reports. StockNews.com began coverage on shares of Beazer Homes USA in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Wedbush reissued a “neutral” rating and issued a $32.00 price objective on shares of Beazer Homes USA in a report on Friday. Zelman & Associates upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. B. Riley upped their price target on Beazer Homes USA from $28.00 to $38.00 in a research report on Friday, July 28th. Finally, Sidoti raised Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Beazer Homes USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.
Institutional Investors Weigh In On Beazer Homes USA
Several large investors have recently added to or reduced their stakes in BZH. Tower Research Capital LLC TRC increased its position in Beazer Homes USA by 83.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock worth $29,000 after buying an additional 1,367 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Beazer Homes USA during the first quarter valued at $31,000. Great West Life Assurance Co. Can acquired a new position in shares of Beazer Homes USA during the second quarter valued at $31,000. Captrust Financial Advisors grew its holdings in Beazer Homes USA by 60.3% during the second quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock worth $32,000 after acquiring an additional 985 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Beazer Homes USA during the first quarter worth about $40,000. 79.07% of the stock is owned by institutional investors and hedge funds.
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.
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