Wall Street brokerages expect Beazer Homes USA, Inc. (NYSE:BZH) to announce $0.06 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Beazer Homes USA’s earnings. Beazer Homes USA posted earnings per share of $0.36 during the same quarter last year, which indicates a negative year-over-year growth rate of 83.3%. The company is expected to report its next quarterly earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Beazer Homes USA will report full year earnings of $1.34 per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.81 to $2.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Monday, February 4th. The construction company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Beazer Homes USA had a net margin of 4.35% and a return on equity of 11.07%. The firm had revenue of $402.04 million during the quarter, compared to analyst estimates of $412.10 million. During the same period last year, the business posted $0.04 EPS. The company’s revenue was up 7.9% on a year-over-year basis.
A number of equities research analysts have commented on BZH shares. TheStreet cut Beazer Homes USA from a “c-” rating to a “d+” rating in a research note on Wednesday, November 28th. Zacks Investment Research cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Finally, ValuEngine raised Beazer Homes USA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.50.
Beazer Homes USA stock traded down $0.15 during mid-day trading on Thursday, reaching $11.56. The stock had a trading volume of 293,493 shares, compared to its average volume of 377,966. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.17 and a current ratio of 18.41. Beazer Homes USA has a fifty-two week low of $8.16 and a fifty-two week high of $17.46. The stock has a market capitalization of $371.50 million, a PE ratio of 5.81 and a beta of 2.51.
A number of institutional investors have recently made changes to their positions in BZH. Synovus Financial Corp boosted its position in shares of Beazer Homes USA by 2.4% during the fourth quarter. Synovus Financial Corp now owns 79,233 shares of the construction company’s stock valued at $756,000 after buying an additional 1,852 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Beazer Homes USA during the third quarter valued at approximately $254,000. Virtu Financial LLC purchased a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $372,000. Teachers Advisors LLC lifted its holdings in Beazer Homes USA by 59.4% during the third quarter. Teachers Advisors LLC now owns 93,485 shares of the construction company’s stock worth $982,000 after acquiring an additional 34,838 shares during the period. Finally, Royce & Associates LP lifted its holdings in Beazer Homes USA by 12.0% during the third quarter. Royce & Associates LP now owns 1,106,391 shares of the construction company’s stock worth $11,617,000 after acquiring an additional 118,914 shares during the period. 86.22% of the stock is owned by hedge funds and other institutional investors.
About Beazer Homes USA
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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