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

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

Beazer Homes USA Trading Up 9.1 %

Shares of NYSE BZH traded up $1.78 during trading hours on Friday, reaching $21.31. The stock had a trading volume of 933,984 shares, compared to its average volume of 392,981. Beazer Homes USA has a 52-week low of $17.37 and a 52-week high of $38.22. The firm has a market cap of $664.94 million, a price-to-earnings ratio of 5.42, a P/E/G ratio of 0.35 and a beta of 2.05. The business's fifty day moving average price is $20.47 and its two-hundred day moving average price is $26.17. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Analyst Upgrades and Downgrades

BZH has been the subject of several analyst reports. Wedbush restated an "outperform" rating and issued a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday. Oppenheimer restated an "outperform" rating and set a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $37.00.

About Beazer Homes USA

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.

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