Wall Street brokerages forecast that Beazer Homes USA, Inc. (NYSE:BZH – Get Rating) will post earnings of $1.44 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Beazer Homes USA’s earnings, with estimates ranging from $1.41 to $1.47. Beazer Homes USA posted earnings per share of $1.26 in the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The firm is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Beazer Homes USA will report full-year earnings of $6.03 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.05. For the next year, analysts anticipate that the business will post earnings of $6.43 per share, with EPS estimates ranging from $6.00 to $6.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Beazer Homes USA.
Beazer Homes USA (NYSE:BZH – Get Rating) last announced its earnings results on Thursday, April 28th. The construction company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.40. The firm had revenue of $508.50 million during the quarter, compared to analysts’ expectations of $489.00 million. Beazer Homes USA had a return on equity of 22.47% and a net margin of 7.77%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS.
Shares of NYSE BZH opened at $15.92 on Friday. The stock has a market cap of $500.84 million, a PE ratio of 2.96 and a beta of 1.92. The company has a quick ratio of 1.57, a current ratio of 12.96 and a debt-to-equity ratio of 1.31. Beazer Homes USA has a 52-week low of $13.78 and a 52-week high of $24.37. The business has a 50-day moving average price of $15.57 and a 200 day moving average price of $18.30.
Beazer Homes USA declared that its board has authorized a stock repurchase plan on Wednesday, May 11th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BZH. FMR LLC purchased a new position in Beazer Homes USA in the 1st quarter valued at approximately $10,786,000. SG Americas Securities LLC purchased a new position in Beazer Homes USA in the 3rd quarter valued at approximately $371,000. Deutsche Bank AG increased its stake in Beazer Homes USA by 4.0% in the 3rd quarter. Deutsche Bank AG now owns 158,619 shares of the construction company’s stock valued at $2,736,000 after purchasing an additional 6,093 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Beazer Homes USA by 3.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 168,694 shares of the construction company’s stock valued at $2,907,000 after purchasing an additional 5,420 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Beazer Homes USA by 1.7% during the 3rd quarter. BlackRock Inc. now owns 2,728,238 shares of the construction company’s stock valued at $47,062,000 after buying an additional 46,834 shares during the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.
Beazer Homes USA Company Profile (Get Rating)
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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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