Wedbush Brokers Boost Earnings Estimates for Beazer Homes USA, Inc. (NYSE:BZH)

Beazer Homes USA, Inc. (NYSE:BZH) – Equities researchers at Wedbush lifted their Q4 2024 earnings per share (EPS) estimates for shares of Beazer Homes USA in a research note issued on Thursday, May 2nd. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $1.87 for the quarter, up from their previous estimate of $1.80. Wedbush has a “Neutral” rating and a $33.00 price target on the stock. The consensus estimate for Beazer Homes USA’s current full-year earnings is $4.66 per share. Wedbush also issued estimates for Beazer Homes USA’s Q1 2025 earnings at $0.44 EPS.

Separately, StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Friday.

Beazer Homes USA Stock Performance

NYSE BZH opened at $27.69 on Friday. The stock has a market capitalization of $873.62 million, a PE ratio of 5.35 and a beta of 2.25. The business has a 50 day simple moving average of $29.79 and a two-hundred day simple moving average of $29.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32. Beazer Homes USA has a 1-year low of $19.67 and a 1-year high of $35.93.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.35. The business had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a return on equity of 14.20% and a net margin of 7.48%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capstone Investment Advisors LLC boosted its holdings in shares of Beazer Homes USA by 8.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock worth $232,000 after purchasing an additional 533 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Beazer Homes USA by 2.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,945 shares of the construction company’s stock valued at $2,557,000 after acquiring an additional 1,682 shares during the period. BNP Paribas Financial Markets boosted its holdings in Beazer Homes USA by 28.1% during the 1st quarter. BNP Paribas Financial Markets now owns 30,917 shares of the construction company’s stock valued at $1,014,000 after acquiring an additional 6,773 shares during the period. Principal Financial Group Inc. boosted its holdings in Beazer Homes USA by 84.2% during the 1st quarter. Principal Financial Group Inc. now owns 18,734 shares of the construction company’s stock valued at $614,000 after acquiring an additional 8,563 shares during the period. Finally, Register Financial Advisors LLC boosted its holdings in Beazer Homes USA by 18.5% during the 1st quarter. Register Financial Advisors LLC now owns 56,656 shares of the construction company’s stock valued at $1,858,000 after acquiring an additional 8,847 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.