Analysts expect Beazer Homes USA, Inc. (NYSE:BZH) to report $0.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Beazer Homes USA’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.06. Beazer Homes USA posted earnings of $0.36 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 75%. The company is scheduled to issue its next quarterly earnings results on Wednesday, May 1st.
On average, analysts expect that Beazer Homes USA will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.78. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.81 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Monday, February 4th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Beazer Homes USA had a return on equity of 11.07% and a net margin of 4.35%. The business had revenue of $402.04 million during the quarter, compared to the consensus estimate of $412.10 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s revenue was up 7.9% on a year-over-year basis.
A number of equities research analysts have recently weighed in on BZH shares. Wedbush set a $17.00 price target on Beazer Homes USA and gave the company a “buy” rating in a report on Wednesday, November 14th. TheStreet cut Beazer Homes USA from a “c-” rating to a “d+” rating in a report on Wednesday, November 28th. Zacks Investment Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, ValuEngine raised Beazer Homes USA from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Beazer Homes USA presently has a consensus rating of “Hold” and an average target price of $14.50.
Shares of NYSE BZH opened at $12.28 on Tuesday. The company has a current ratio of 18.41, a quick ratio of 1.17 and a debt-to-equity ratio of 1.98. Beazer Homes USA has a 52-week low of $8.16 and a 52-week high of $17.46. The stock has a market capitalization of $389.50 million, a price-to-earnings ratio of 6.17 and a beta of 2.50.
Beazer Homes USA declared that its board has approved a share buyback plan on Tuesday, November 13th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 17.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, Director Danny R. Shepherd acquired 4,579 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were acquired at an average price of $10.91 per share, for a total transaction of $49,956.89. Following the completion of the purchase, the director now directly owns 37,680 shares of the company’s stock, valued at $411,088.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System grew its position in Beazer Homes USA by 17.4% in the second quarter. California Public Employees Retirement System now owns 33,131 shares of the construction company’s stock worth $489,000 after buying an additional 4,920 shares during the last quarter. Northern Trust Corp grew its position in Beazer Homes USA by 1.1% in the second quarter. Northern Trust Corp now owns 839,874 shares of the construction company’s stock worth $12,388,000 after buying an additional 9,447 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Beazer Homes USA in the third quarter worth approximately $1,699,000. Synovus Financial Corp grew its position in Beazer Homes USA by 13.1% in the third quarter. Synovus Financial Corp now owns 77,381 shares of the construction company’s stock worth $814,000 after buying an additional 8,938 shares during the last quarter. Finally, Engineers Gate Manager LP grew its position in Beazer Homes USA by 47.9% in the third quarter. Engineers Gate Manager LP now owns 64,980 shares of the construction company’s stock worth $682,000 after buying an additional 21,048 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.
About Beazer Homes USA
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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