Beazer Homes USA, Inc. (NYSE:BZH) to Release Earnings on Wednesday
Beazer Homes USA, Inc. (NYSE:BZH) will post its quarterly earnings results before the market opens on Wednesday, July 26th. Analysts expect Beazer Homes USA to post earnings of $0.18 per share for the quarter.
Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, May 4th. The construction company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.10. The company had revenue of $425.47 million for the quarter, compared to the consensus estimate of $397.65 million. Beazer Homes USA had a positive return on equity of 4.08% and a negative net margin of 0.22%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share. On average, analysts expect Beazer Homes USA to post $0.75 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
Shares of Beazer Homes USA, Inc. (BZH) opened at 13.14 on Wednesday. The company has a 50 day moving average price of $12.96 and a 200-day moving average price of $12.94. Beazer Homes USA, Inc. has a 52-week low of $8.77 and a 52-week high of $15.80. The stock’s market capitalization is $420.07 million.
BZH has been the topic of several research analyst reports. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, July 4th. Zelman & Associates upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Credit Suisse Group initiated coverage on Beazer Homes USA in a report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price objective on the stock. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $12.31 to $15.00 in a report on Thursday, June 15th. Finally, JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.90.
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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