Beazer Homes USA, Inc. (NYSE:BZH) – Research analysts at Wedbush upped their FY2018 earnings per share estimates for Beazer Homes USA in a research report issued to clients and investors on Thursday. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $0.96 for the year, up from their previous forecast of $0.95. Wedbush currently has a “Neutral” rating and a $15.00 target price on the stock.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company had revenue of $478.59 million during the quarter, compared to the consensus estimate of $470.98 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. WARNING: “FY2018 Earnings Forecast for Beazer Homes USA, Inc. Issued By Wedbush (BZH)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/09/15/fy2018-earnings-forecast-for-beazer-homes-usa-inc-issued-by-wedbush-bzh.html.

A number of other research analysts have also recently issued reports on BZH. JMP Securities restated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. Credit Suisse Group assumed coverage on shares of Beazer Homes USA in a report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price target for the company. Zacks Investment Research upgraded 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 report on Tuesday, July 4th. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Beazer Homes USA (NYSE BZH) traded up 3.96% during midday trading on Friday, reaching $17.59. 701,518 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $15.20 and its 200 day moving average is $13.41. Beazer Homes USA has a 1-year low of $9.67 and a 1-year high of $17.65. The stock’s market cap is $562.37 million.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Beazer Homes USA by 5.9% in the second quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock valued at $23,157,000 after buying an additional 93,632 shares during the period. Royce & Associates LP boosted its holdings in shares of Beazer Homes USA by 5.8% in the second quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock valued at $20,371,000 after buying an additional 81,700 shares during the period. Brandes Investment Partners LP boosted its holdings in shares of Beazer Homes USA by 4.0% in the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock valued at $18,726,000 after buying an additional 51,962 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Beazer Homes USA by 136.6% in the second quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock valued at $14,045,000 after buying an additional 590,938 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Beazer Homes USA by 3.3% in the second quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock valued at $11,470,000 after buying an additional 26,737 shares during the period. Institutional investors own 80.78% of the company’s stock.

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.

Earnings History and Estimates for Beazer Homes USA (NYSE:BZH)

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