Beazer Homes USA (NYSE:BZH) Posts Quarterly Earnings Results, Misses Estimates By $0.64 EPS

Beazer Homes USA (NYSE:BZH) announced its quarterly earnings results on Thursday. The construction company reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.64), FiscalAI reports. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The firm had revenue of $363.49 million for the quarter, compared to analysts’ expectations of $423.23 million.

Beazer Homes USA Stock Up 2.6%

Shares of NYSE BZH traded up $0.62 during midday trading on Thursday, hitting $24.20. 508,286 shares of the company’s stock were exchanged, compared to its average volume of 423,174. The company has a debt-to-equity ratio of 0.82, a current ratio of 16.21 and a quick ratio of 2.07. Beazer Homes USA has a twelve month low of $17.37 and a twelve month high of $28.08. The firm’s fifty day simple moving average is $22.14 and its 200-day simple moving average is $23.28. The company has a market cap of $714.20 million, a PE ratio of 15.82, a P/E/G ratio of 0.99 and a beta of 2.18.

Wall Street Analysts Forecast Growth

BZH has been the topic of a number of research analyst reports. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Beazer Homes USA in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and a consensus price target of $31.33.

Institutional Trading of Beazer Homes USA

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in shares of Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after buying an additional 1,724 shares during the period. Comerica Bank purchased a new stake in Beazer Homes USA during the third quarter valued at about $48,000. Aquatic Capital Management LLC acquired a new stake in Beazer Homes USA during the 3rd quarter worth approximately $70,000. Tower Research Capital LLC TRC increased its position in shares of Beazer Homes USA by 123.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after acquiring an additional 1,933 shares in the last quarter. Finally, State of Wyoming purchased a new position in Beazer Homes USA in the second quarter valued at about $89,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.