Beazer Homes USA (BZH) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beazer Homes USA in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BZH shares.
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4 equities research analysts have issued 1-year price targets for Beazer Homes USA's stock. Their BZH share price forecasts range from $32.00 to $38.00. On average, they expect the company's share price to reach $35.33 in the next year. This suggests a possible upside of 37.4% from the stock's current price.
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Beazer Homes USA's stock was trading at $12.76 at the beginning of 2023. Since then, BZH shares have increased by 101.6% and is now trading at $25.72.
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Beazer Homes USA saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,120,000 shares, an increase of 8.7% from the August 31st total of 1,030,000 shares. Based on an average daily volume of 512,900 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Beazer Homes USA, Inc. (NYSE:BZH) released its quarterly earnings data on Thursday, July, 27th. The construction company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.54. The construction company had revenue of $572.54 million for the quarter, compared to the consensus estimate of $512.26 million. Beazer Homes USA had a net margin of 7.94% and a trailing twelve-month return on equity of 18.66%. The business's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share.

ETFs with the largest weight of Beazer Homes USA (NYSE:BZH) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS), iShares U.S. Home Construction ETF (ITB) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL).

Beazer Homes USA announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 11th 2022, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 10% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Beazer Homes USA updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided EPS guidance of $4.60- for the period, compared to the consensus earnings per share estimate of $4.01. The company issued revenue guidance of -.

119 employees have rated Beazer Homes USA Chief Executive Officer Allan P. Merrill on Glassdoor.com. Allan P. Merrill has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Beazer Homes USA investors own include Frontline (FRO), Rite Aid (RAD), Ford Motor (F), General Electric (GE), Drive Shack (DS), Micron Technology (MU), Bank of America (BAC), CEMIG (CIG), Huntington Bancshares (HBAN) and KB Home (KBH).

Beazer Homes USA trades on the New York Stock Exchange (NYSE) under the ticker symbol "BZH."

Beazer Homes USA's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.98%), Donald Smith & CO. Inc. (5.30%), Dimensional Fund Advisors LP (3.41%), Acadian Asset Management LLC (2.93%), State Street Corp (1.95%) and Charles Schwab Investment Management Inc. (1.88%). Insiders that own company stock include C Christian Winkle, Robert L Salomon and Robert L Salomon.
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Shares of BZH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BZH stock can currently be purchased for approximately $25.72.

Beazer Homes USA (NYSE:BZH) has a market capitalization of $806.06 million and generates $2.32 billion in revenue each year. The construction company earns $220.70 million in net income (profit) each year or $6.17 on an earnings per share basis.

The company employs 1,129 workers across the globe.

Beazer Homes USA's mailing address is 1000 ABERNATHY ROAD SUITE 260, ATLANTA GA, 30328. The official website for the company is www.beazer.com. The construction company can be reached via phone at (770) 829-3700, via email at investor.relations@beazer.com, or via fax at 770-481-2808.