Beazer Homes USA (NYSE:BZH) Posts Earnings Results, Beats Estimates By $0.34 EPS

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings results on Wednesday. The construction company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34, Briefing.com reports. Beazer Homes USA had a return on equity of 12.15% and a net margin of 6.02%. The firm had revenue of $806.20 million for the quarter, compared to analysts’ expectations of $775.42 million. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year.

Beazer Homes USA Stock Down 3.8 %

NYSE:BZH traded down $1.33 during mid-day trading on Friday, hitting $33.30. 462,649 shares of the company’s stock were exchanged, compared to its average volume of 362,598. The company has a market cap of $1.03 billion, a PE ratio of 7.35, a P/E/G ratio of 1.35 and a beta of 2.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. Beazer Homes USA has a one year low of $25.48 and a one year high of $38.22. The business has a fifty day moving average price of $32.53 and a 200 day moving average price of $30.31.

Insider Buying and Selling at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.99% of the company’s stock.

Analyst Ratings Changes

BZH has been the topic of a number of recent research reports. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. B. Riley reduced their price objective on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. Finally, Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Company Profile

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.