Q1 2018 EPS Estimates for Beazer Homes USA, Inc. (NYSE:BZH) Lifted by Wedbush
Beazer Homes USA, Inc. (NYSE:BZH) – Investment analysts at Wedbush boosted their Q1 2018 earnings per share estimates for shares of Beazer Homes USA in a research note issued on Wednesday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of ($0.04) per share for the quarter, up from their previous forecast of ($0.07). Wedbush currently has a “Outperform” rating and a $15.00 target price on the stock.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday. Credit Suisse Group initiated coverage on Beazer Homes USA in a report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective for the company. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. Finally, Zelman & Associates upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Beazer Homes USA presently has an average rating of “Hold” and a consensus target price of $14.13.
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Shares of Beazer Homes USA (NYSE:BZH) traded up 0.85% during midday trading on Friday, hitting $15.45. The stock had a trading volume of 476,747 shares. Beazer Homes USA has a one year low of $9.20 and a one year high of $15.80. The company’s market capitalization is $493.95 million. The firm’s 50-day moving average is $13.31 and its 200 day moving average is $12.95.
Beazer Homes USA (NYSE:BZH) last released its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The company had revenue of $478.59 million for the quarter, compared to analysts’ expectations of $470.98 million. During the same quarter in the previous year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Beazer Homes USA by 19.4% in the first quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock worth $19,339,000 after buying an additional 258,694 shares during the last quarter. Royce & Associates LP increased its position in Beazer Homes USA by 8.5% in the first quarter. Royce & Associates LP now owns 1,403,079 shares of the construction company’s stock worth $17,019,000 after buying an additional 109,500 shares during the last quarter. Brandes Investment Partners LP increased its position in Beazer Homes USA by 2.5% in the first quarter. Brandes Investment Partners LP now owns 1,312,875 shares of the construction company’s stock worth $15,926,000 after buying an additional 32,292 shares during the last quarter. Hancock Holding Co. increased its position in Beazer Homes USA by 18.4% in the first quarter. Hancock Holding Co. now owns 752,708 shares of the construction company’s stock worth $9,130,000 after buying an additional 117,048 shares during the last quarter. Finally, State Street Corp increased its position in Beazer Homes USA by 6.3% in the fourth quarter. State Street Corp now owns 665,687 shares of the construction company’s stock worth $8,852,000 after buying an additional 39,385 shares during the last quarter. Institutional investors and hedge funds own 81.57% 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.
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