Beazer Homes USA (NYSE:BZH) Announces Earnings Results

Beazer Homes USA (NYSE:BZH) posted its earnings results on Thursday. The construction company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.27, Zacks reports. The company had revenue of $791.90 million for the quarter, compared to analyst estimates of $674.80 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.Beazer Homes USA’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 earnings per share.

Beazer Homes USA Trading Up 2.3%

Shares of BZH traded up $0.48 during mid-day trading on Friday, hitting $21.88. The company had a trading volume of 825,938 shares, compared to its average volume of 388,783. Beazer Homes USA has a 1-year low of $17.37 and a 1-year high of $36.72. The business’s 50-day simple moving average is $23.78 and its 200-day simple moving average is $23.21. The stock has a market cap of $650.46 million, a PE ratio of 9.95, a P/E/G ratio of 0.61 and a beta of 2.16. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Beazer Homes USA by 1.8% during the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after buying an additional 1,279 shares during the period. AQR Capital Management LLC raised its position in shares of Beazer Homes USA by 35.5% in the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock worth $4,055,000 after buying an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Beazer Homes USA by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after acquiring an additional 734 shares during the last quarter. Rhumbline Advisers boosted its holdings in Beazer Homes USA by 1.4% in the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after acquiring an additional 642 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Beazer Homes USA by 5.0% during the second quarter. American Century Companies Inc. now owns 77,553 shares of the construction company’s stock valued at $1,735,000 after acquiring an additional 3,673 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $41.00 target price on shares of Beazer Homes USA in a research report on Friday, August 1st. Oppenheimer restated an “outperform” rating and set a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Beazer Homes USA in a report on Wednesday, October 8th. Finally, Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.33.

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.