Beazer Homes USA (NYSE:BZH) Releases Quarterly Earnings Results, Beats Expectations By $0.34 EPS

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

Beazer Homes USA Stock Down 3.8 %

Beazer Homes USA stock traded down $1.33 during trading on Friday, hitting $33.30. 462,649 shares of the company were exchanged, compared to its average volume of 362,598. The business’s 50 day moving average is $32.53 and its 200 day moving average is $30.31. Beazer Homes USA has a 52 week low of $25.48 and a 52 week high of $38.22. The company has a market capitalization of $1.03 billion, a P/E ratio of 7.35, a PEG ratio of 1.35 and a beta of 2.18. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91.

Insider Buying and Selling

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.