Wall Street brokerages expect that Beazer Homes USA, Inc. (NYSE:BZH) will announce sales of $581.65 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Beazer Homes USA’s earnings. The lowest sales estimate is $579.10 million and the highest is $584.20 million. Beazer Homes USA posted sales of $686.75 million during the same quarter last year, which suggests a negative year-over-year growth rate of 15.3%. The firm is scheduled to announce its next earnings results on Thursday, November 11th.
On average, analysts expect that Beazer Homes USA will report full-year sales of $2.13 billion for the current financial year, with estimates ranging from $2.12 billion to $2.13 billion. For the next fiscal year, analysts expect that the company will post sales of $2.21 billion, with estimates ranging from $2.20 billion to $2.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Beazer Homes USA.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Wednesday, July 28th. The construction company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.32. The firm had revenue of $570.93 million for the quarter, compared to the consensus estimate of $612.60 million. Beazer Homes USA had a net margin of 4.35% and a return on equity of 16.02%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in Beazer Homes USA by 281.4% during the 2nd quarter. US Bancorp DE now owns 2,128 shares of the construction company’s stock worth $41,000 after acquiring an additional 1,570 shares during the period. Quantbot Technologies LP bought a new stake in Beazer Homes USA during the 1st quarter worth approximately $87,000. Metropolitan Life Insurance Co NY raised its stake in Beazer Homes USA by 58,522.2% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,276 shares of the construction company’s stock worth $102,000 after acquiring an additional 5,267 shares during the period. SG Americas Securities LLC bought a new stake in Beazer Homes USA during the 1st quarter worth approximately $116,000. Finally, State of Tennessee Treasury Department raised its stake in Beazer Homes USA by 19.6% during the 1st quarter. State of Tennessee Treasury Department now owns 8,523 shares of the construction company’s stock worth $178,000 after acquiring an additional 1,396 shares during the period. Institutional investors own 75.06% of the company’s stock.
Shares of NYSE BZH traded up $0.13 during trading on Friday, reaching $17.79. 208,229 shares of the company traded hands, compared to its average volume of 449,041. The firm has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $20.04. The company has a quick ratio of 2.68, a current ratio of 11.76 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $556.72 million, a PE ratio of 5.52 and a beta of 2.08. Beazer Homes USA has a 52-week low of $12.07 and a 52-week high of $26.12.
About Beazer Homes USA
Beazer Homes USA, Inc engages in the design and sale of single-family and multi-family homes. It operates through the following geographical segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment consists of Delaware, Indiana, Maryland, Tennessee, and Virginia.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.