Beazer Homes USA (NYSE:BZH) Issues Quarterly Earnings Results, Beats Expectations By $0.35 EPS

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings data on Wednesday. The construction company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35, Briefing.com reports. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The firm had revenue of $541.50 million for the quarter, compared to analyst estimates of $569.88 million. During the same period in the prior year, the firm posted $1.13 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis.

Beazer Homes USA Price Performance

Shares of BZH stock traded up $0.69 on Friday, hitting $27.70. 541,536 shares of the company’s stock were exchanged, compared to its average volume of 401,733. Beazer Homes USA has a 12 month low of $19.67 and a 12 month high of $35.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.32. The company has a 50 day moving average of $29.79 and a 200 day moving average of $29.47. The stock has a market cap of $873.94 million, a P/E ratio of 5.35 and a beta of 2.25.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BZH shares. Wedbush reissued a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday. StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Friday.

Beazer Homes USA Company Profile

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