Beazer Homes USA (NYSE:BZH) Releases FY 2022 Earnings Guidance

Beazer Homes USA (NYSE:BZH) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.000-$ for the period, compared to the Thomson Reuters consensus estimate of $3.480. The company issued revenue guidance of -.

BZH traded down $0.30 during trading on Thursday, hitting $20.74. 181,076 shares of the company’s stock were exchanged, compared to its average volume of 425,079. The company has a current ratio of 13.58, a quick ratio of 2.32 and a debt-to-equity ratio of 1.45. Beazer Homes USA has a 1 year low of $14.05 and a 1 year high of $26.12. The stock has a 50 day moving average price of $18.64 and a 200 day moving average price of $19.31. The firm has a market cap of $649.04 million, a P/E ratio of 5.19 and a beta of 2.01.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Wednesday, November 10th. The construction company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.75. Beazer Homes USA had a net margin of 5.70% and a return on equity of 18.67%. During the same quarter in the prior year, the company earned $0.85 earnings per share. Analysts forecast that Beazer Homes USA will post 5.01 earnings per share for the current fiscal year.

A number of analysts recently weighed in on BZH shares. Zacks Investment Research raised shares of Beazer Homes USA from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Friday, November 12th. Zelman & Associates raised shares of Beazer Homes USA from a sell rating to a hold rating in a research note on Thursday, November 11th. Janney Montgomery Scott began coverage on shares of Beazer Homes USA in a report on Thursday, August 19th. They issued a buy rating and a $23.00 target price for the company. Finally, Wedbush reissued a neutral rating and issued a $24.00 price target on shares of Beazer Homes USA in a research report on Thursday, November 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Beazer Homes USA has an average rating of Buy and an average price target of $23.25.

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Beazer Homes USA by 58.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,630 shares of the construction company’s stock worth $28,000 after buying an additional 600 shares during the period. Bank of New York Mellon Corp grew its position in shares of Beazer Homes USA by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 178,458 shares of the construction company’s stock valued at $3,078,000 after purchasing an additional 7,700 shares during the period. Finally, Morgan Stanley boosted its position in Beazer Homes USA by 12.9% during the 3rd quarter. Morgan Stanley now owns 272,854 shares of the construction company’s stock worth $4,707,000 after acquiring an additional 31,090 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc engages in the design and sale of single-family and multi-family homes. It operates through the following geographical segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment consists of Delaware, Indiana, Maryland, Tennessee, and Virginia.

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Earnings History and Estimates for Beazer Homes USA (NYSE:BZH)

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