B. Riley Analysts Decrease Earnings Estimates for Beazer Homes USA, Inc. (NYSE:BZH)

Beazer Homes USA, Inc. (NYSE:BZH - Free Report) - Research analysts at B. Riley dropped their Q3 2024 earnings per share (EPS) estimates for Beazer Homes USA in a report issued on Thursday, May 2nd. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings of $0.82 per share for the quarter, down from their prior forecast of $1.27. The consensus estimate for Beazer Homes USA's current full-year earnings is $4.61 per share. B. Riley also issued estimates for Beazer Homes USA's FY2024 earnings at $4.52 EPS and FY2025 earnings at $5.30 EPS.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.35. The business had revenue of $541.50 million during the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share.

Several other equities analysts also recently issued reports on BZH. Wedbush reiterated a "neutral" rating and set a $33.00 price objective on shares of Beazer Homes USA in a research report on Thursday. StockNews.com downgraded Beazer Homes USA from a "hold" rating to a "sell" rating in a research report on Friday.

Beazer Homes USA Stock Performance

Shares of NYSE BZH traded up $0.64 during midday trading on Monday, hitting $28.34. 394,108 shares of the company's stock were exchanged, compared to its average volume of 336,914. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30. The stock's 50 day moving average price is $29.74 and its 200-day moving average price is $29.63. The firm has a market cap of $894.13 million, a P/E ratio of 5.47 and a beta of 2.25. Beazer Homes USA has a twelve month low of $20.04 and a twelve month high of $35.93.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZH. DGS Capital Management LLC increased its holdings in shares of Beazer Homes USA by 4.1% in the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company's stock valued at $322,000 after buying an additional 386 shares in the last quarter. Capstone Investment Advisors LLC increased its holdings in shares of Beazer Homes USA by 8.2% in the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company's stock valued at $232,000 after buying an additional 533 shares in the last quarter. Barclays PLC increased its holdings in shares of Beazer Homes USA by 1.7% in the third quarter. Barclays PLC now owns 33,188 shares of the construction company's stock valued at $827,000 after buying an additional 559 shares in the last quarter. Swiss National Bank increased its holdings in shares of Beazer Homes USA by 1.0% in the third quarter. Swiss National Bank now owns 62,100 shares of the construction company's stock valued at $1,547,000 after buying an additional 600 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Beazer Homes USA by 1.6% in the third quarter. Jump Financial LLC now owns 49,277 shares of the construction company's stock valued at $1,227,000 after buying an additional 776 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

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.