Beazer Homes USA, Inc. (BZH) Expected to Announce Quarterly Sales of $357.45 Million

Wall Street brokerages expect that Beazer Homes USA, Inc. (NYSE:BZH) will post sales of $357.45 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Beazer Homes USA’s earnings. The highest sales estimate is $359.70 million and the lowest is $355.20 million. Beazer Homes USA posted sales of $339.24 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The business is expected to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Beazer Homes USA will report full year sales of $357.45 million for the current fiscal year, with estimates ranging from $2.02 billion to $2.09 billion. For the next financial year, analysts expect that the firm will report sales of $2.23 billion per share, with estimates ranging from $2.17 billion to $2.30 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Beazer Homes USA.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a net margin of 1.66% and a return on equity of 6.29%. The business had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $645.17 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on BZH shares. JPMorgan Chase & Co. raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $14.50 to $21.00 in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. TheStreet raised shares of Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 price objective (up previously from $15.00) on shares of Beazer Homes USA in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Beazer Homes USA currently has an average rating of “Hold” and an average target price of $18.50.

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Beazer Homes USA by 141.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock valued at $45,587,000 after buying an additional 1,451,175 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in Beazer Homes USA by 213.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock valued at $7,380,000 after buying an additional 268,172 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Beazer Homes USA by 55.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock valued at $12,200,000 after buying an additional 232,516 shares during the last quarter. Prudential Financial Inc. raised its holdings in Beazer Homes USA by 511.1% during the 3rd quarter. Prudential Financial Inc. now owns 263,863 shares of the construction company’s stock valued at $4,945,000 after buying an additional 220,683 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Beazer Homes USA during the 2nd quarter valued at $2,992,000. 83.28% of the stock is owned by institutional investors.

Shares of Beazer Homes USA (NYSE:BZH) traded down $0.30 during trading on Wednesday, hitting $19.65. 547,600 shares of the stock were exchanged, compared to its average volume of 479,933. Beazer Homes USA has a 12 month low of $11.18 and a 12 month high of $23.24. The stock has a market cap of $666.21, a PE ratio of 20.90 and a beta of 2.70. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95.

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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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