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

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.99%. The company had revenue of $673.00 million for the quarter, compared to analysts’ expectations of $645.17 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 6.5% on a year-over-year basis.

BZH has been the topic of several other research reports. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 price target (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet cut shares of Beazer Homes USA from a “b-” rating to a “c-” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.50.

Shares of Beazer Homes USA (BZH) traded down $0.25 during midday trading on Thursday, reaching $15.25. 1,687,619 shares of the company traded hands, compared to its average volume of 701,377. Beazer Homes USA has a twelve month low of $11.18 and a twelve month high of $23.24. The company has a market cap of $521.08, a PE ratio of -4.98 and a beta of 2.54. The company has a debt-to-equity ratio of 2.40, a quick ratio of 3.30 and a current ratio of 18.95.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in Beazer Homes USA by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock valued at $1,580,000 after acquiring an additional 627 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Beazer Homes USA by 24.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 149,447 shares of the construction company’s stock worth $2,801,000 after buying an additional 29,354 shares in the last quarter. Swiss National Bank lifted its position in shares of Beazer Homes USA by 12.9% during the 2nd quarter. Swiss National Bank now owns 56,100 shares of the construction company’s stock worth $770,000 after buying an additional 6,400 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Beazer Homes USA by 141.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock worth $45,587,000 after buying an additional 1,451,175 shares in the last quarter. Finally, Chicago Equity Partners LLC lifted its position in shares of Beazer Homes USA by 213.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock worth $7,380,000 after buying an additional 268,172 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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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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