Beazer Homes USA (NYSE:BZH) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Beazer Homes USA (NYSE:BZH) posted its quarterly earnings results on Thursday. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04, Briefing.com reports. The business had revenue of $595.68 million during the quarter, compared to the consensus estimate of $597.67 million. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.75%. Beazer Homes USA’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS.

Beazer Homes USA Stock Down 12.7 %

NYSE:BZH opened at $28.57 on Monday. The firm has a market capitalization of $901.38 million, a P/E ratio of 5.52, a PEG ratio of 1.41 and a beta of 2.16. The company’s fifty day moving average price is $29.20 and its 200-day moving average price is $29.58. Beazer Homes USA has a 1-year low of $22.03 and a 1-year high of $34.89. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30.

Analyst Upgrades and Downgrades

Several analysts have commented on BZH shares. Oppenheimer assumed coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They issued an “outperform” rating and a $37.00 price objective on the stock. StockNews.com raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. B. Riley cut their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wedbush raised their target price on shares of Beazer Homes USA from $33.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.75.

Insider Buying and Selling at Beazer Homes USA

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the transaction, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the sale, the executive vice president now owns 164,119 shares in the company, valued at $5,043,376.87. The disclosure for this sale can be found here. 6.99% of the stock is currently owned by company insiders.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.