FY2019 Earnings Forecast for Beazer Homes USA, Inc. (BZH) Issued By Wedbush

Beazer Homes USA, Inc. (NYSE:BZH) – Investment analysts at Wedbush upped their FY2019 earnings per share estimates for shares of Beazer Homes USA in a research note issued to investors on Wednesday. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $1.75 per share for the year, up from their previous estimate of $1.63.

Several other research analysts also recently commented on the stock. ValuEngine upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Monday, November 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. Finally, TheStreet upgraded shares of Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of Beazer Homes USA (NYSE BZH) traded down $1.97 on Thursday, reaching $15.50. 1,722,003 shares of the company traded hands, compared to its average volume of 674,178. The company has a market cap of $590.67, a P/E ratio of -5.71 and a beta of 2.54. Beazer Homes USA has a 12-month low of $11.18 and a 12-month high of $23.24. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.50. The business had revenue of $673.00 million for the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.67%. Beazer Homes USA’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in Beazer Homes USA by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,938 shares of the construction company’s stock worth $355,000 after acquiring an additional 318 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after purchasing an additional 627 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Beazer Homes USA by 0.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 392,908 shares of the construction company’s stock worth $5,391,000 after purchasing an additional 1,721 shares during the period. Voya Investment Management LLC increased its holdings in shares of Beazer Homes USA by 13.0% during the 2nd quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock worth $234,000 after purchasing an additional 1,963 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Beazer Homes USA by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,200 shares of the construction company’s stock worth $2,129,000 after purchasing an additional 2,905 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

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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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