Beazer Homes USA, Inc. (BZH) to Post FY2017 Earnings of $0.78 Per Share, Wedbush Forecasts

Beazer Homes USA, Inc. (NYSE:BZH) – Analysts at Wedbush cut their FY2017 earnings per share estimates for Beazer Homes USA in a research note issued on Thursday. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $0.78 per share for the year, down from their prior estimate of $0.82. Wedbush has a “Neutral” rating and a $15.00 price objective on the stock. Wedbush also issued estimates for Beazer Homes USA’s Q4 2017 earnings at $0.52 EPS.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, July 4th. ValuEngine downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group initiated coverage on shares of Beazer Homes USA in a research note on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price target for the company. JMP Securities reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. Finally, BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Beazer Homes USA currently has an average rating of “Hold” and a consensus target price of $15.50.

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Shares of Beazer Homes USA (BZH) opened at 17.99 on Monday. Beazer Homes USA has a 12-month low of $9.67 and a 12-month high of $18.10. The firm’s 50-day moving average is $15.57 and its 200-day moving average is $13.54. The firm’s market cap is $575.16 million.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm had revenue of $478.59 million during the quarter, compared to analyst estimates of $470.98 million. During the same quarter in the previous year, the business earned $0.18 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Beazer Homes USA by 5.9% during the second quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after buying an additional 93,632 shares during the period. Royce & Associates LP increased its position in shares of Beazer Homes USA by 5.8% during the second quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after buying an additional 81,700 shares during the period. Brandes Investment Partners LP increased its position in shares of Beazer Homes USA by 4.0% during the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after buying an additional 51,962 shares during the period. JPMorgan Chase & Co. increased its position in shares of Beazer Homes USA by 136.6% during the second quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock worth $14,045,000 after buying an additional 590,938 shares during the period. Finally, Northern Trust Corp increased its position in shares of Beazer Homes USA by 3.3% during the second quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after buying an additional 26,737 shares during the period. Institutional investors own 80.72% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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

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