Beazer Homes USA, Inc. to Post Q4 2024 Earnings of $1.74 Per Share, B. Riley Forecasts (NYSE:BZH)

Beazer Homes USA, Inc. (NYSE:BZH) – Investment analysts at B. Riley raised their Q4 2024 earnings per share (EPS) estimates for shares of Beazer Homes USA in a report issued on Thursday, May 2nd. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $1.74 per share for the quarter, up from their prior forecast of $1.63. The consensus estimate for Beazer Homes USA’s current full-year earnings is $4.66 per share.

Several other brokerages have also weighed in on BZH. Wedbush reiterated a “neutral” rating and set a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday. StockNews.com downgraded Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Friday.

Beazer Homes USA Stock Up 2.6 %

Beazer Homes USA stock opened at $27.70 on Friday. The company has a quick ratio of 1.32, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $873.94 million, a PE ratio of 5.35 and a beta of 2.25. The firm’s fifty day moving average is $29.76 and its 200 day moving average is $29.55. Beazer Homes USA has a 12-month low of $19.67 and a 12-month high of $35.93.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. The business had revenue of $541.50 million during the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BZH. DGS Capital Management LLC increased its position in shares of Beazer Homes USA by 4.1% during the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock worth $322,000 after acquiring an additional 386 shares in the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Beazer Homes USA by 8.2% in the first 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 last quarter. Barclays PLC lifted its holdings in shares of Beazer Homes USA by 1.7% in the third quarter. Barclays PLC now owns 33,188 shares of the construction company’s stock valued at $827,000 after purchasing an additional 559 shares in the last quarter. Swiss National Bank boosted its position in shares of Beazer Homes USA by 1.0% during the third quarter. Swiss National Bank now owns 62,100 shares of the construction company’s stock valued at $1,547,000 after buying an additional 600 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Beazer Homes USA by 1.6% during the third quarter. Jump Financial LLC now owns 49,277 shares of the construction company’s stock worth $1,227,000 after buying an additional 776 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

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.