Beazer Homes USA, Inc. (BZH) Forecasted to Post Q1 2018 Earnings of ($0.04) Per Share
Beazer Homes USA, Inc. (NYSE:BZH) – Equities research analysts at Wedbush increased their Q1 2018 earnings per share estimates for Beazer Homes USA in a research note issued to investors on Wednesday. Wedbush analyst J. Mccanless now forecasts that the construction company will earn ($0.04) per share for the quarter, up from their prior estimate of ($0.07). Wedbush currently has a “Outperform” rating and a $15.00 target price on the stock.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $470.98 million. During the same period last year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis.
A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday. Credit Suisse Group assumed coverage on Beazer Homes USA in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price objective on the stock. JMP Securities reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. Finally, Zelman & Associates raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.13.
Shares of Beazer Homes USA (NYSE BZH) traded up 0.46% on Friday, reaching $15.39. 383,326 shares of the company’s stock were exchanged. The firm’s market cap is $492.03 million. The company has a 50 day moving average price of $13.31 and a 200 day moving average price of $12.95. Beazer Homes USA has a one year low of $9.20 and a one year high of $15.80.
Several institutional investors have recently added to or reduced their stakes in BZH. Vanguard Group Inc. increased its position in Beazer Homes USA by 19.4% in the first quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock valued at $19,339,000 after buying an additional 258,694 shares in the last quarter. Renaissance Technologies LLC increased its position in Beazer Homes USA by 105.6% in the first quarter. Renaissance Technologies LLC now owns 378,560 shares of the construction company’s stock valued at $4,592,000 after buying an additional 194,400 shares in the last quarter. Systematic Financial Management LP increased its position in Beazer Homes USA by 45.9% in the first quarter. Systematic Financial Management LP now owns 409,297 shares of the construction company’s stock valued at $4,965,000 after buying an additional 128,818 shares in the last quarter. Hancock Holding Co. increased its position in Beazer Homes USA by 18.4% in the first quarter. Hancock Holding Co. now owns 752,708 shares of the construction company’s stock valued at $9,130,000 after buying an additional 117,048 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in Beazer Homes USA during the first quarter valued at $988,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.
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.
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