Analysts Expect Beazer Homes USA, Inc. (NYSE:BZH) Will Post Quarterly Sales of $664.45 Million
Analysts forecast that Beazer Homes USA, Inc. (NYSE:BZH) will announce $664.45 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Beazer Homes USA’s earnings, with the lowest sales estimate coming in at $661.70 million and the highest estimate coming in at $667.20 million. Beazer Homes USA reported sales of $632.12 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 21st.
According to Zacks, analysts expect that Beazer Homes USA will report full year sales of $664.45 million for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report sales of $2.03 billion per share, with estimates ranging from $1.96 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $478.59 million during the quarter, compared to analyst estimates of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share.
Several research analysts have commented on BZH shares. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $12.31 to $15.00 in a report on Thursday, June 15th. Zelman & Associates raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Credit Suisse Group assumed coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price target for the company. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, July 4th. Finally, JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Beazer Homes USA currently has an average rating of “Hold” and a consensus price target of $14.13.
A number of institutional investors have recently modified their holdings of the stock. State Street Corp raised its position 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 shares of 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 last quarter. Renaissance Technologies LLC acquired a new position in shares of Beazer Homes USA during the fourth quarter valued at $2,449,000. Fox Run Management L.L.C. acquired a new position in shares of Beazer Homes USA during the first quarter valued at $271,000. Finally, Nationwide Fund Advisors raised its position in shares of 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 last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.
Beazer Homes USA (NYSE:BZH) opened at 16.07 on Tuesday. The firm’s market cap is $513.77 million. Beazer Homes USA has a 52-week low of $9.67 and a 52-week high of $16.26. The stock has a 50 day moving average of $14.03 and a 200-day moving average of $13.10.
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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