Beazer Homes USA (NYSE:BZH) Issues Earnings Results, Misses Expectations By $0.21 EPS

Beazer Homes USA (NYSE:BZH) announced its quarterly earnings results on Thursday. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21), Zacks reports. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%.

Beazer Homes USA Price Performance

Shares of NYSE:BZH traded up $0.81 during trading on Thursday, hitting $27.75. 332,046 shares of the company were exchanged, compared to its average volume of 264,403. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. Beazer Homes USA has a 1-year low of $25.39 and a 1-year high of $38.22. The company has a market capitalization of $865.89 million, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.32 and a beta of 2.24. The business’s 50 day moving average is $29.69 and its 200-day moving average is $31.02.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a report on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.67.

Insiders Place Their Bets

In other news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.52% 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.