Analysts Offer Predictions for Beazer Homes USA, Inc.’s Q1 2018 Earnings (BZH)

Beazer Homes USA, Inc. (NYSE:BZH) – Research analysts at Wedbush dropped their Q1 2018 earnings estimates for shares of Beazer Homes USA in a research report issued on Wednesday. Wedbush analyst J. Mccanless now anticipates that the construction company will earn ($0.49) per share for the quarter, down from their previous estimate of ($0.04). Wedbush has a “Neutral” rating and a $15.00 price objective on the stock. Wedbush also issued estimates for Beazer Homes USA’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $0.70 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $1.35 EPS.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.50. The company had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a return on equity of 6.38% and a net margin of 1.66%. Beazer Homes USA’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share.

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Other analysts also recently issued reports about the company. TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, August 3rd. BidaskClub upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. Finally, ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Beazer Homes USA currently has an average rating of “Hold” and an average price target of $16.50.

Shares of Beazer Homes USA (NYSE:BZH) opened at $20.50 on Friday. The stock has a market capitalization of $685.67, a price-to-earnings ratio of 17.11 and a beta of 2.73. Beazer Homes USA has a 52-week low of $11.18 and a 52-week high of $23.24. The company has a debt-to-equity ratio of 2.06, a current ratio of 15.72 and a quick ratio of 1.85.

Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Beazer Homes USA by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after purchasing an additional 627 shares during the last quarter. Brandes Investment Partners LP lifted its position in shares of Beazer Homes USA by 4.0% during 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 during the last quarter. Swiss National Bank lifted its position in shares of Beazer Homes USA by 12.9% during the second quarter. Swiss National Bank now owns 56,100 shares of the construction company’s stock worth $770,000 after purchasing an additional 6,400 shares during the last quarter. Royce & Associates LP lifted its position in shares of Beazer Homes USA by 5.8% during 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 during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Beazer Homes USA by 5.9% during 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 during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Beazer Homes USA

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.

Earnings History and Estimates for Beazer Homes USA (NYSE:BZH)

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