Beazer Homes USA (NYSE:BZH) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Beazer Homes USA (NYSE:BZH - Get Free Report) issued its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.16, Zacks reports. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The company had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same period last year, the company earned $1.26 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year.

Beazer Homes USA Stock Up 2.3 %

NYSE:BZH traded up $0.49 on Thursday, hitting $21.51. The stock had a trading volume of 263,862 shares, compared to its average volume of 391,961. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. Beazer Homes USA has a 52 week low of $17.37 and a 52 week high of $38.22. The business's fifty day moving average is $20.37 and its 200 day moving average is $25.91. The company has a market cap of $651.73 million, a PE ratio of 5.47, a P/E/G ratio of 0.35 and a beta of 2.20.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BZH. Wedbush reissued an "outperform" rating and set a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $37.00.

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.