Equities research analysts forecast that Beazer Homes USA, Inc. (NYSE:BZH) will post earnings per share (EPS) of $0.17 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Beazer Homes USA’s earnings, with estimates ranging from $0.16 to $0.17. Beazer Homes USA posted earnings per share of $0.44 in the same quarter last year, which would suggest a negative year over year growth rate of 61.4%. The company is expected to report its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Beazer Homes USA will report full year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.79. For the next year, analysts anticipate that the business will post earnings of $1.16 per share, with EPS estimates ranging from $0.90 to $1.43. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, May 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The firm had revenue of $425.47 million during the quarter, compared to analysts’ expectations of $397.65 million. Beazer Homes USA had a negative net margin of 0.22% and a positive return on equity of 4.08%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share.
Several brokerages recently issued reports on BZH. Credit Suisse Group began coverage on shares of Beazer Homes USA in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price target for the company. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $12.31 to $15.00 in a research note on Thursday, June 15th. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. Zacks Investment Research lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Friday, May 5th. Finally, Zelman & Associates upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.63.
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Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Beazer Homes USA during the first quarter worth $114,000. Nordea Investment Management AB raised its stake in Beazer Homes USA by 12.4% in the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after buying an additional 1,200 shares in the last quarter. Teza Capital Management LLC purchased a new stake in Beazer Homes USA during the first quarter worth $167,000. Quantbot Technologies LP purchased a new stake in Beazer Homes USA during the first quarter worth $213,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Beazer Homes USA during the fourth quarter worth $221,000. Institutional investors and hedge funds own 81.51% of the company’s stock.
Shares of Beazer Homes USA (NYSE:BZH) traded down 1.09% on Friday, hitting $13.57. 179,880 shares of the stock were exchanged. The company’s market cap is $433.82 million. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $13.00. Beazer Homes USA has a 12 month low of $7.43 and a 12 month high of $15.80.
About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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