FY2017 Earnings Estimate for Beazer Homes USA, Inc. (BZH) Issued By Wedbush
Beazer Homes USA, Inc. (NYSE:BZH) – Research analysts at Wedbush dropped their FY2017 earnings estimates for shares of Beazer Homes USA in a report issued on Thursday. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $0.78 for the year, down from their prior forecast of $0.82. Wedbush currently has a “Neutral” rating and a $15.00 target price on the stock. Wedbush also issued estimates for Beazer Homes USA’s Q4 2017 earnings at $0.52 EPS.
Several other analysts also recently commented on the company. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.50 to $21.00 in a research note on Thursday, September 14th. ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, August 3rd. Finally, Credit Suisse Group began coverage on Beazer Homes USA in a research note on Thursday, June 22nd. They set a “neutral” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.
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Shares of Beazer Homes USA (NYSE:BZH) opened at 17.78 on Monday. The firm’s market cap is $568.44 million. The stock has a 50 day moving average of $15.43 and a 200 day moving average of $13.50. Beazer Homes USA has a 52 week low of $9.67 and a 52 week high of $17.85.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. Beazer Homes USA’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Beazer Homes USA in the 1st quarter worth $114,000. Nordea Investment Management AB boosted its stake in shares of Beazer Homes USA by 12.4% in the 1st quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after buying an additional 1,200 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Beazer Homes USA in the 2nd quarter worth $190,000. Neuberger Berman Group LLC boosted its stake in shares of Beazer Homes USA by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock worth $201,000 after buying an additional 118 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Beazer Homes USA in the 1st quarter worth $213,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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