Brokers Set Expectations for Beazer Homes USA, Inc.’s Q4 2024 Earnings (NYSE:BZH)

Beazer Homes USA, Inc. (NYSE:BZH) – Equities research analysts at B. Riley boosted their Q4 2024 earnings per share (EPS) estimates for shares of Beazer Homes USA in a research report issued on Thursday, May 2nd. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $1.74 for the quarter, up from their prior estimate of $1.63. The consensus estimate for Beazer Homes USA’s current full-year earnings is $4.66 per share.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.35. The company had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Friday. Wedbush restated a “neutral” rating and issued a $33.00 price target on shares of Beazer Homes USA in a research note on Thursday.

Beazer Homes USA Stock Up 2.6 %

Shares of BZH stock opened at $27.70 on Friday. The firm’s fifty day moving average price is $29.76 and its two-hundred day moving average price is $29.55. The company has a current ratio of 13.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. Beazer Homes USA has a 1 year low of $19.67 and a 1 year high of $35.93. The firm has a market capitalization of $873.94 million, a P/E ratio of 5.35 and a beta of 2.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BZH. Donald Smith & CO. Inc. grew its holdings in Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after purchasing an additional 958,814 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $24,971,000. Vanguard Group Inc. raised its stake in Beazer Homes USA by 31.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock valued at $54,677,000 after acquiring an additional 521,596 shares during the period. Brightline Capital Management LLC acquired a new stake in Beazer Homes USA during the 4th quarter valued at $10,137,000. Finally, Invesco Ltd. lifted its stake in shares of Beazer Homes USA by 152.0% during the 3rd quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock worth $12,089,000 after buying an additional 292,706 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

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 also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.