Beazer Homes USA, Inc. (NYSE:BZH) – Wedbush cut their FY2017 earnings estimates for shares of Beazer Homes USA in a research note issued on Thursday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $0.78 per share for the year, down from their previous forecast of $0.82. Wedbush currently has a “Neutral” rating and a $15.00 target price on the stock. Wedbush also issued estimates for Beazer Homes USA’s Q4 2017 earnings at $0.52 EPS.

Beazer Homes USA (NYSE:BZH) last posted its 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. The business had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS.

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Several other analysts have also recently issued reports on BZH. JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. Credit Suisse Group started coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price target on the stock. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut shares of 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 issued a hold rating and three have issued a buy rating to the company’s stock. Beazer Homes USA has an average rating of “Hold” and a consensus target price of $15.50.

Beazer Homes USA (NYSE BZH) opened at 17.61 on Monday. The stock’s market cap is $563.01 million. Beazer Homes USA has a 52-week low of $9.67 and a 52-week high of $17.65. The firm’s 50-day moving average is $15.31 and its 200-day moving average is $13.45.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Beazer Homes USA during the first quarter worth approximately $114,000. Nordea Investment Management AB increased its stake in shares of Beazer Homes USA by 12.4% during the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after buying an additional 1,200 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Beazer Homes USA during the second quarter worth approximately $190,000. Neuberger Berman Group LLC increased its stake in shares of Beazer Homes USA by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock worth $201,000 after buying an additional 118 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in shares of Beazer Homes USA during the second quarter worth approximately $215,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.

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

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