Beazer Homes USA (NYSE:BZH) Releases Earnings Results, Misses Expectations By $0.21 EPS

Beazer Homes USA (NYSE:BZH) announced its quarterly earnings data on Thursday. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21), Zacks reports. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%.

Beazer Homes USA Price Performance

Shares of NYSE:BZH traded up $0.81 on Thursday, reaching $27.75. The company’s stock had a trading volume of 332,046 shares, compared to its average volume of 264,403. Beazer Homes USA has a 52-week low of $25.39 and a 52-week high of $38.22. The company has a market cap of $865.89 million, a P/E ratio of 6.13, a PEG ratio of 0.32 and a beta of 2.24. The company has a 50-day simple moving average of $29.69 and a 200 day simple moving average of $31.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29.

Insiders Place Their Bets

In other news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now owns 131,004 shares in the company, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.52% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a research note on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.67.

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.