Beazer Homes USA, Inc. (BZH) Expected to Announce Earnings of $0.58 Per Share
Equities research analysts expect Beazer Homes USA, Inc. (NYSE:BZH) to post $0.58 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Beazer Homes USA’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.60. Beazer Homes USA reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year over year growth rate of 75.8%. The business is scheduled to announce its next earnings report on Tuesday, November 21st.
According to Zacks, analysts expect that Beazer Homes USA will report full year earnings of $0.85 per share for the current year. For the next year, analysts anticipate that the company will report earnings of $1.24 per share, with EPS estimates ranging from $0.95 to $1.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The firm had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year.
Several analysts have issued reports on the company. BidaskClub raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wedbush downgraded Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Tuesday, August 8th. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, August 3rd. Credit Suisse Group assumed coverage on Beazer Homes USA in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Beazer Homes USA currently has an average rating of “Hold” and an average target price of $14.13.
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Institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its position in shares of Beazer Homes USA by 5.9% in the first quarter. TIAA CREF Investment Management LLC now owns 391,187 shares of the construction company’s stock valued at $4,745,000 after buying an additional 21,786 shares during the last quarter. UBS Group AG boosted its position in shares of Beazer Homes USA by 11.1% in the first quarter. UBS Group AG now owns 63,057 shares of the construction company’s stock valued at $765,000 after buying an additional 6,307 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Beazer Homes USA by 7.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 308,100 shares of the construction company’s stock valued at $3,736,000 after buying an additional 20,500 shares during the last quarter. Bogle Investment Management L P DE boosted its position in shares of Beazer Homes USA by 10.5% in the first quarter. Bogle Investment Management L P DE now owns 332,740 shares of the construction company’s stock valued at $4,036,000 after buying an additional 31,516 shares during the last quarter. Finally, Airain ltd bought a new position in shares of Beazer Homes USA during the first quarter valued at $259,000. Institutional investors own 80.75% of the company’s stock.
Shares of Beazer Homes USA (NYSE:BZH) traded up 1.95% on Friday, reaching $15.20. The company’s stock had a trading volume of 31,720 shares. The company’s market cap is $485.96 million. The company has a 50 day moving average price of $14.72 and a 200 day moving average price of $13.25. Beazer Homes USA has a 52-week low of $9.67 and a 52-week high of $16.47.
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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