Wall Street brokerages predict that Beazer Homes USA, Inc. (NYSE:BZH) will post $660.90 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Beazer Homes USA’s earnings. The lowest sales estimate is $654.60 million and the highest is $667.20 million. Beazer Homes USA reported sales of $632.12 million during the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The business is expected to issue its next quarterly earnings report on Tuesday, November 21st.
On average, analysts expect that Beazer Homes USA will report full year sales of $660.90 million for the current year, with estimates ranging from $1.90 billion to $1.91 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.04 billion per share, with estimates ranging from $1.97 billion to $2.10 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The business had revenue of $478.59 million for the quarter, compared to analyst estimates of $470.98 million. During the same quarter in the prior year, the business earned $0.18 EPS. Beazer Homes USA’s quarterly revenue was up 4.1% on a year-over-year basis.
BZH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, July 4th. ValuEngine downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group initiated coverage on shares of Beazer Homes USA in a report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective for the company. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $12.31 to $15.00 in a report on Thursday, June 15th. Finally, JMP Securities restated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Beazer Homes USA has an average rating of “Hold” and a consensus target price of $15.50.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP increased its stake in shares of Beazer Homes USA by 4.0% in the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after purchasing an additional 51,962 shares in the last quarter. Royce & Associates LP increased its stake in shares of Beazer Homes USA by 5.8% in the second quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after purchasing an additional 81,700 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Beazer Homes USA by 5.9% in the first quarter. TIAA CREF Investment Management LLC now owns 391,187 shares of the construction company’s stock worth $4,745,000 after purchasing an additional 21,786 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Beazer Homes USA in the second quarter worth about $1,723,000. Finally, UBS Group AG increased its stake in shares of Beazer Homes USA by 11.1% in the first quarter. UBS Group AG now owns 63,057 shares of the construction company’s stock worth $765,000 after purchasing an additional 6,307 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Beazer Homes USA (NYSE:BZH) opened at 17.56 on Thursday. Beazer Homes USA has a 52 week low of $9.67 and a 52 week high of $18.10. The company has a 50-day moving average of $15.57 and a 200-day moving average of $13.54. The firm’s market cap is $561.41 million.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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