$470.21 Million in Sales Expected for Beazer Homes USA, Inc. (BZH) This Quarter
Analysts predict that Beazer Homes USA, Inc. (NYSE:BZH) will report $470.21 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Beazer Homes USA’s earnings, with the lowest sales estimate coming in at $470.09 million and the highest estimate coming in at $470.33 million. Beazer Homes USA reported sales of $459.94 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Beazer Homes USA will report full year sales of $470.21 million for the current fiscal year, with estimates ranging from $1.87 billion to $1.88 billion. For the next financial year, analysts forecast that the firm will post sales of $2.01 billion per share, with estimates ranging from $1.96 billion to $2.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, May 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. The firm had revenue of $425.47 million for the quarter, compared to analyst estimates of $397.65 million. Beazer Homes USA had a return on equity of 3.84% and a net margin of 0.12%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. Wedbush reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Beazer Homes USA in a report on Tuesday, February 7th. Finally, Zelman & Associates raised Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th.
Shares of Beazer Homes USA (NYSE:BZH) traded up 0.305% during mid-day trading on Friday, hitting $14.785. The company’s stock had a trading volume of 94,967 shares. The stock’s 50 day moving average price is $12.32 and its 200 day moving average price is $12.70. The company’s market cap is $472.66 million. Beazer Homes USA has a 52-week low of $6.81 and a 52-week high of $15.80.
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Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Beazer Homes USA during the first quarter worth approximately $114,000. Acrospire Investment Management LLC boosted its position in shares of Beazer Homes USA by 14.7% in the third quarter. Acrospire Investment Management LLC now owns 10,115 shares of the construction company’s stock worth $118,000 after buying an additional 1,300 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of 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. Worth Venture Partners LLC bought a new position in shares of Beazer Homes USA during the fourth quarter worth approximately $183,000. Finally, Teza Capital Management LLC bought a new position in shares of Beazer Homes USA during the first quarter worth approximately $167,000. 81.83% of the stock is currently owned by institutional investors.
Beazer Homes USA Company Profile
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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