Beazer Homes USA, Inc. (BZH) Announces Quarterly Earnings Results, Beats Expectations By $0.50 EPS
Beazer Homes USA, Inc. (NYSE:BZH) posted its quarterly earnings data on Tuesday. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.53 by $0.50, RTT News reports. The business had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. Beazer Homes USA’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share.
Shares of Beazer Homes USA (BZH) traded up $0.70 during midday trading on Wednesday, hitting $21.56. 881,200 shares of the stock were exchanged, compared to its average volume of 534,545. The company has a current ratio of 15.72, a quick ratio of 1.85 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $746.19, a PE ratio of 34.77 and a beta of 2.73. Beazer Homes USA has a 1 year low of $10.15 and a 1 year high of $21.71.
BZH has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, August 3rd. Wedbush downgraded shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Tuesday, August 8th. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $14.50 to $21.00 in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.50.
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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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