$647.85 Million in Sales Expected for Beazer Homes USA, Inc. (BZH) This Quarter
Wall Street analysts expect that Beazer Homes USA, Inc. (NYSE:BZH) will announce $647.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Beazer Homes USA’s earnings. The highest sales estimate is $654.60 million and the lowest is $641.10 million. Beazer Homes USA reported sales of $632.12 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 21st.
On average, analysts expect that Beazer Homes USA will report full-year sales of $647.85 million for the current fiscal year, with estimates ranging from $1.88 billion to $1.90 billion. For the next financial year, analysts forecast that the business will post sales of $2.04 billion per share, with estimates ranging from $1.97 billion to $2.10 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last released its earnings results 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 firm had revenue of $478.59 million during the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Wedbush cut Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, August 3rd. ValuEngine cut Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $14.50 to $21.00 in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Beazer Homes USA has a consensus rating of “Hold” and an average target price of $15.50.
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Shares of Beazer Homes USA (BZH) opened at 19.15 on Tuesday. The stock’s 50 day moving average price is $16.74 and its 200-day moving average price is $14.21. The company’s market capitalization is $612.24 million. Beazer Homes USA has a 52-week low of $9.67 and a 52-week high of $19.95.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Beazer Homes USA during the first quarter valued at $114,000. Nordea Investment Management AB boosted its stake in Beazer Homes USA by 12.4% during the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock valued at $132,000 after buying an additional 1,200 shares during the period. Bayesian Capital Management LP bought a new stake in Beazer Homes USA during the second quarter valued at $190,000. Neuberger Berman Group LLC boosted its stake in Beazer Homes USA by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after buying an additional 118 shares during the period. Finally, Schroder Investment Management Group bought a new stake in Beazer Homes USA during the second quarter valued at $215,000. 80.72% of the stock is owned by institutional investors.
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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