Beazer Homes USA (NYSE:BZH) Issues Earnings Results

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings data on Wednesday. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34, Briefing.com reports. Beazer Homes USA had a net margin of 6.02% and a return on equity of 12.15%. The firm had revenue of $806.20 million for the quarter, compared to the consensus estimate of $775.42 million. During the same quarter in the previous year, the firm earned $1.80 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year.

Beazer Homes USA Stock Performance

Shares of BZH traded down $1.33 during mid-day trading on Friday, reaching $33.30. 462,649 shares of the company’s stock were exchanged, compared to its average volume of 362,598. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The business’s fifty day simple moving average is $32.53 and its 200-day simple moving average is $30.31. Beazer Homes USA has a 52-week low of $25.48 and a 52-week high of $38.22. The stock has a market capitalization of $1.03 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.35 and a beta of 2.18.

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at $4,199,988.24. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BZH. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. B. Riley dropped their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Finally, Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.67.

About Beazer Homes USA

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.