Beazer Homes USA, Inc. (NYSE:BZH) – Wedbush cut their Q1 2018 earnings estimates for Beazer Homes USA in a research report issued on Wednesday, Zacks Investment Research reports. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of ($0.49) per share for the quarter, down from their prior forecast of ($0.04). Wedbush has a “Neutral” rating and a $15.00 price objective on the stock. Wedbush also issued estimates for Beazer Homes USA’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $0.70 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $1.35 EPS.
BZH has been the subject of several other research reports. ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $14.50 to $21.00 in a report on Thursday, September 14th. Zacks Investment Research downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Credit Suisse Group reiterated a “neutral” rating and set a $21.00 price target (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. Finally, TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. One equities research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.
Beazer Homes USA (NYSE BZH) traded down $0.30 during midday trading on Friday, hitting $20.30. The stock had a trading volume of 530,355 shares, compared to its average volume of 544,400. Beazer Homes USA has a 52-week low of $11.18 and a 52-week high of $23.24. The company has a market capitalization of $690.36, a P/E ratio of 16.35 and a beta of 2.69. The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.30 and a current ratio of 18.20.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.50. The firm had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Beazer Homes USA in the 3rd quarter valued at $149,000. Bayesian Capital Management LP purchased a new position in shares of Beazer Homes USA during the 2nd quarter valued at $190,000. Neuberger Berman Group LLC lifted its position in shares of Beazer Homes USA by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after buying an additional 118 shares during the last quarter. First Quadrant L P CA purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at $278,000. Finally, CAPROCK Group Inc. purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at $300,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.
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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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