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

Beazer Homes USA (NYSE:BZH) announced its quarterly earnings data on Wednesday. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $806.20 million during the quarter, compared to analyst estimates of $775.42 million. During the same period last year, the company earned $1.80 earnings per share. Beazer Homes USA’s quarterly revenue was up 24.9% compared to the same quarter last year.

Beazer Homes USA Trading Down 3.8 %

NYSE BZH traded down $1.33 on Friday, reaching $33.30. The company had a trading volume of 462,649 shares, compared to its average volume of 362,598. Beazer Homes USA has a 52 week low of $25.48 and a 52 week high of $38.22. The stock’s 50 day moving average is $32.53 and its 200-day moving average is $30.31. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.35 and a beta of 2.18.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BZH shares. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $45.00 in a report on Thursday, September 5th. Finally, B. Riley lowered their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.67.

Insider Activity at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.99% of the stock is currently owned by corporate insiders.

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.