Beazer Homes USA (NYSE:BZH) Issues Quarterly Earnings Results

Beazer Homes USA (NYSE:BZH) issued its earnings results on Wednesday. The construction company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34, Briefing.com reports. The company had revenue of $806.20 million during the quarter, compared to analysts’ expectations of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 12.15%. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share.

Beazer Homes USA Stock Down 3.8 %

NYSE:BZH traded down $1.33 on Friday, reaching $33.30. The stock had a trading volume of 462,649 shares, compared to its average volume of 362,598. The company has a 50-day moving average of $32.53 and a 200 day moving average of $30.31. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.03 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 1.35 and a beta of 2.18. Beazer Homes USA has a 12-month low of $25.48 and a 12-month high of $38.22.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. B. Riley dropped their price target on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Finally, Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.67.

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.99% of the company’s stock.

About Beazer Homes USA

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.