Wall Street analysts expect Beazer Homes USA, Inc. (NYSE:BZH) to post $647.85 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Beazer Homes USA’s earnings, with the highest sales estimate coming in at $654.60 million and the lowest estimate coming in at $641.10 million. Beazer Homes USA posted sales of $632.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The firm is expected to announce its next earnings report after the market closes on Tuesday, November 14th.

On average, analysts expect that Beazer Homes USA will report full year sales of $647.85 million for the current year, with estimates ranging from $1.88 billion to $1.90 billion. For the next financial year, analysts expect that the company will report sales of $2.04 billion per share, with estimates ranging from $1.97 billion to $2.10 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Beazer Homes USA.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $478.59 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share.

Several brokerages have recently commented on BZH. Wedbush lowered Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a 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 target price for the company in a research report on Thursday, August 3rd. BidaskClub upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. Finally, ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.50.

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Beazer Homes USA (NYSE:BZH) opened at 19.94 on Friday. Beazer Homes USA has a one year low of $9.67 and a one year high of $20.42. The company’s market cap is $637.50 million. The company has a 50-day moving average of $18.45 and a 200-day moving average of $14.95.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Beazer Homes USA by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after buying an additional 93,632 shares during the last quarter. Royce & Associates LP lifted its position in Beazer Homes USA by 5.8% in the 2nd quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after buying an additional 81,700 shares during the last quarter. Brandes Investment Partners LP lifted its position in Beazer Homes USA by 4.0% in the 2nd quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after buying an additional 51,962 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Beazer Homes USA by 136.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock worth $14,045,000 after buying an additional 590,938 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Beazer Homes USA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after buying an additional 26,737 shares during the last quarter. Institutional investors own 81.32% of the company’s stock.

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

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