Beazer Homes USA (NYSE:BZH) Issues Earnings Results, Beats Estimates By $0.34 EPS

Beazer Homes USA (NYSE:BZH) posted its quarterly earnings results on Wednesday. The construction company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.35 by $0.34, Briefing.com reports. The company had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 12.15%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.80 earnings per share.

Beazer Homes USA Price Performance

Shares of BZH stock traded down $1.33 on Friday, reaching $33.30. 462,649 shares of the company were exchanged, compared to its average volume of 362,598. Beazer Homes USA has a 1 year low of $25.48 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42. The business has a 50-day moving average price of $32.53 and a 200 day moving average price of $30.31. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 1.35 and a beta of 2.18.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. B. Riley dropped their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Beazer Homes USA currently has a consensus rating of “Hold” and an average price target of $39.67.

Insider Activity at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.99% of the stock is currently owned by corporate insiders.

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.