Q4 2024 Earnings Forecast for Beazer Homes USA, Inc. (NYSE:BZH) Issued By B. Riley

Beazer Homes USA, Inc. (NYSE:BZH - Free Report) - Equities researchers at B. Riley raised their Q4 2024 earnings per share (EPS) estimates for Beazer Homes USA in a report released on Thursday, May 2nd. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings of $1.74 per share for the quarter, up from their prior forecast of $1.63. The consensus estimate for Beazer Homes USA's current full-year earnings is $4.66 per share.

Several other analysts also recently commented on the company. StockNews.com raised Beazer Homes USA from a "sell" rating to a "hold" rating in a research note on Friday, March 29th. Wedbush reaffirmed a "neutral" rating and set a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday.

Beazer Homes USA Trading Up 2.5 %

Shares of NYSE BZH traded up $0.68 during midday trading on Friday, reaching $27.69. The stock had a trading volume of 541,536 shares, compared to its average volume of 336,249. Beazer Homes USA has a twelve month low of $19.67 and a twelve month high of $35.93. The company's 50 day moving average price is $29.79 and its 200 day moving average price is $29.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 13.95. The firm has a market cap of $873.62 million, a price-to-earnings ratio of 5.35 and a beta of 2.25.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.35. The company had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a return on equity of 14.20% and a net margin of 7.48%. Beazer Homes USA's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS.

Hedge Funds Weigh In On Beazer Homes USA

A number of large investors have recently modified their holdings of the company. BluePath Capital Management LLC purchased a new position in shares of Beazer Homes USA in the third quarter worth about $31,000. Yorktown Management & Research Co Inc purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at $341,000. Allspring Global Investments Holdings LLC boosted its holdings in Beazer Homes USA by 3,734.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company's stock worth $5,002,000 after buying an additional 195,565 shares during the period. Teacher Retirement System of Texas increased its stake in Beazer Homes USA by 433.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 190,365 shares of the construction company's stock worth $4,742,000 after buying an additional 154,711 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Beazer Homes USA in the third quarter valued at about $227,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.