Zacks: Brokerages Anticipate Beazer Homes USA, Inc. (BZH) to Post $0.05 Earnings Per Share

Brokerages expect Beazer Homes USA, Inc. (NYSE:BZH) to report $0.05 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Beazer Homes USA’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. Beazer Homes USA posted earnings per share of $0.36 during the same quarter last year, which would indicate a negative year-over-year growth rate of 86.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Beazer Homes USA will report full year earnings of $1.34 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $2.06 per share, with EPS estimates ranging from $1.81 to $2.27. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Beazer Homes USA.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Monday, February 4th. The construction company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $402.04 million for the quarter, compared to analysts’ expectations of $412.10 million. Beazer Homes USA had a net margin of 4.35% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS.

Several analysts have weighed in on the company. Zacks Investment Research upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine upgraded Beazer Homes USA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Beazer Homes USA has a consensus rating of “Hold” and an average price target of $14.50.

A number of institutional investors have recently bought and sold shares of the business. Towle & Co. boosted its stake in shares of Beazer Homes USA by 30.3% in the fourth quarter. Towle & Co. now owns 2,426,370 shares of the construction company’s stock worth $23,002,000 after buying an additional 564,520 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Beazer Homes USA by 218.3% in the fourth quarter. Deutsche Bank AG now owns 548,037 shares of the construction company’s stock worth $5,194,000 after buying an additional 375,866 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Beazer Homes USA by 12.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,374,475 shares of the construction company’s stock worth $31,990,000 after buying an additional 373,441 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Beazer Homes USA by 251.1% in the third quarter. Credit Suisse AG now owns 365,855 shares of the construction company’s stock worth $3,842,000 after buying an additional 261,639 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of Beazer Homes USA by 35.3% in the fourth quarter. Brandes Investment Partners LP now owns 999,019 shares of the construction company’s stock worth $9,471,000 after buying an additional 260,877 shares during the last quarter. Institutional investors and hedge funds own 86.22% of the company’s stock.

Beazer Homes USA stock traded up $0.22 during trading hours on Friday, hitting $13.10. 253,966 shares of the stock traded hands, compared to its average volume of 404,411. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.17 and a current ratio of 18.41. The company has a market cap of $421.00 million, a PE ratio of 6.58 and a beta of 2.49. Beazer Homes USA has a 1 year low of $8.16 and a 1 year high of $17.23.

About Beazer Homes USA

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

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