Beazer Homes USA (NYSE:BZH) Releases FY 2022 Earnings Guidance

Beazer Homes USA (NYSE:BZH) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.000-$ for the period, compared to the Thomson Reuters consensus estimate of $3.480. The company issued revenue guidance of -.

Beazer Homes USA stock traded down $0.30 during trading on Thursday, reaching $20.74. The company had a trading volume of 181,076 shares, compared to its average volume of 425,079. Beazer Homes USA has a 52 week low of $14.05 and a 52 week high of $26.12. The firm’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $19.31. The firm has a market capitalization of $649.04 million, a price-to-earnings ratio of 5.19 and a beta of 2.01. The company has a current ratio of 13.58, a quick ratio of 2.32 and a debt-to-equity ratio of 1.45.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, November 10th. The construction company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.75. Beazer Homes USA had a return on equity of 18.67% and a net margin of 5.70%. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts predict that Beazer Homes USA will post 5.01 earnings per share for the current year.

BZH has been the subject of a number of recent research reports. Janney Montgomery Scott started coverage on shares of Beazer Homes USA in a research note on Thursday, August 19th. They issued a buy rating and a $23.00 price objective for the company. Zelman & Associates raised shares of Beazer Homes USA from a sell rating to a hold rating in a report on Thursday, November 11th. Zacks Investment Research raised shares of Beazer Homes USA from a hold rating to a buy rating and set a $24.00 price target on the stock in a report on Friday, November 12th. Finally, Wedbush reissued a neutral rating and set a $24.00 target price on shares of Beazer Homes USA in a research note on Thursday, November 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $23.25.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors boosted its holdings in shares of Beazer Homes USA by 58.3% in the third quarter. Captrust Financial Advisors now owns 1,630 shares of the construction company’s stock valued at $28,000 after acquiring an additional 600 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Beazer Homes USA by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 178,458 shares of the construction company’s stock valued at $3,078,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Beazer Homes USA by 12.9% in the third quarter. Morgan Stanley now owns 272,854 shares of the construction company’s stock valued at $4,707,000 after acquiring an additional 31,090 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

Beazer Homes USA Company Profile

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.

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

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