Beazer Homes USA, Inc. (NYSE:BZH) Expected to Announce Earnings of $0.17 Per Share
Brokerages forecast that Beazer Homes USA, Inc. (NYSE:BZH) will report $0.17 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Beazer Homes USA’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.17. Beazer Homes USA posted earnings per share of $0.44 during the same quarter last year, which would suggest a negative year-over-year growth rate of 61.4%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, August 1st.
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 expect that the business will report earnings of $1.16 per share, with EPS estimates ranging from $0.90 to $1.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, May 4th. The construction company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. Beazer Homes USA had a negative net margin of 0.22% and a positive return on equity of 4.08%. The business had revenue of $425.47 million during the quarter, compared to analyst estimates of $397.65 million. During the same period in the previous year, the business earned ($0.04) EPS. Beazer Homes USA’s revenue was up 10.3% compared to the same quarter last year.
BZH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Zelman & Associates upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $12.31 to $15.00 in a research report on Thursday, June 15th. Finally, Credit Suisse Group began coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Beazer Homes USA has an average rating of “Hold” and a consensus price target of $12.90.
A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Beazer Homes USA by 6.3% in the fourth quarter. State Street Corp now owns 665,687 shares of the construction company’s stock valued at $8,852,000 after buying an additional 39,385 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Beazer Homes USA by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 411,170 shares of the construction company’s stock valued at $5,469,000 after buying an additional 22,158 shares during the period. Renaissance Technologies LLC purchased a new position in Beazer Homes USA during the fourth quarter valued at $2,449,000. Fox Run Management L.L.C. purchased a new position in Beazer Homes USA during the first quarter valued at $271,000. Finally, Nationwide Fund Advisors raised its position in Beazer Homes USA by 39.8% in the first quarter. Nationwide Fund Advisors now owns 118,901 shares of the construction company’s stock valued at $1,442,000 after buying an additional 33,834 shares during the period. Institutional investors own 81.42% of the company’s stock.
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Beazer Homes USA (NYSE:BZH) traded down 0.07% on Wednesday, reaching $13.63. 251,108 shares of the company were exchanged. Beazer Homes USA has a 12-month low of $8.86 and a 12-month high of $15.80. The firm has a 50-day moving average of $13.07 and a 200 day moving average of $12.94. The firm’s market capitalization is $457.23 million.
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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