Beazer Homes USA, Inc. (BZH) Forecasted to Earn Q2 2018 Earnings of $0.16 Per Share

Beazer Homes USA, Inc. (NYSE:BZH) – Investment analysts at Wedbush issued their Q2 2018 earnings per share (EPS) estimates for shares of Beazer Homes USA in a report released on Wednesday. Wedbush analyst J. Mccanless forecasts that the construction company will earn $0.16 per share for the quarter. Wedbush also issued estimates for Beazer Homes USA’s Q3 2018 earnings at $0.36 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.40 EPS and Q4 2019 earnings at $1.03 EPS.

Other research analysts also recently issued research reports about the stock. TheStreet downgraded shares of Beazer Homes USA from a “b-” rating to a “c-” rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Monday, November 20th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $21.00 price objective (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.50.

Beazer Homes USA (BZH) opened at $15.25 on Monday. Beazer Homes USA has a 12-month low of $11.18 and a 12-month high of $23.24. The company has a market cap of $512.68, a PE ratio of -4.94 and a beta of 2.54. The company has a debt-to-equity ratio of 2.40, a current ratio of 18.95 and a quick ratio of 3.30.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.50. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.99%. The company had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after buying an additional 627 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Beazer Homes USA by 24.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 149,447 shares of the construction company’s stock worth $2,801,000 after buying an additional 29,354 shares during the last quarter. Swiss National Bank lifted its stake in shares of Beazer Homes USA by 12.9% during the 2nd quarter. Swiss National Bank now owns 56,100 shares of the construction company’s stock worth $770,000 after buying an additional 6,400 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 worth $45,587,000 after buying an additional 1,451,175 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its stake in shares of 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 worth $7,380,000 after buying an additional 268,172 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

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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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