Beazer Homes USA, Inc. Expected to Earn FY2018 Earnings of $0.96 Per Share (BZH)

Beazer Homes USA, Inc. (NYSE:BZH) – Analysts at Wedbush increased their FY2018 EPS estimates for shares of Beazer Homes USA in a research note issued on Thursday. Wedbush analyst J. Mccanless now expects that the construction company will earn $0.96 per share for the year, up from their prior estimate of $0.95. Wedbush currently has a “Neutral” rating and a $15.00 target price on the stock.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) 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 firm had revenue of $478.59 million for the quarter, compared to analysts’ expectations of $470.98 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year.

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A number of other research analysts also recently issued reports on BZH. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $14.50 to $21.00 in a report on Thursday. BidaskClub upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, August 3rd. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. Finally, ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.50.

Shares of Beazer Homes USA (BZH) opened at 17.61 on Friday. The stock’s market capitalization is $563.01 million. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $13.45. Beazer Homes USA has a 52 week low of $9.67 and a 52 week high of $17.65.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Beazer Homes USA by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after purchasing an additional 93,632 shares in the last quarter. Royce & Associates LP boosted its position in shares of Beazer Homes USA by 5.8% in the 2nd quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after purchasing an additional 81,700 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Beazer Homes USA by 4.0% in the 2nd quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after purchasing an additional 51,962 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Beazer Homes USA by 136.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock worth $14,045,000 after purchasing an additional 590,938 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Beazer Homes USA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after purchasing an additional 26,737 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

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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