Beazer Homes USA (NYSE:BZH) Announces Earnings Results, Beats Estimates By $0.05 EPS

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings results on Thursday. The construction company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05, Briefing.com reports. The firm had revenue of $595.68 million for the quarter, compared to analyst estimates of $597.67 million. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.75%. Beazer Homes USA’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS.

Beazer Homes USA Trading Down 12.7 %

Shares of NYSE BZH traded down $4.16 during midday trading on Friday, reaching $28.57. 1,038,116 shares of the stock were exchanged, compared to its average volume of 451,091. Beazer Homes USA has a twelve month low of $22.03 and a twelve month high of $34.89. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. The company has a 50 day simple moving average of $29.20 and a 200 day simple moving average of $29.60. The stock has a market capitalization of $901.38 million, a P/E ratio of 5.51, a PEG ratio of 1.41 and a beta of 2.16.

Insider Activity at Beazer Homes USA

In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of Beazer Homes USA stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the sale, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the transaction, the executive vice president now owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the completion of the transaction, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,762 shares of company stock worth $1,252,898. Insiders own 6.99% of the company’s stock.

Wall Street Analyst Weigh In

BZH has been the subject of a number of recent research reports. Wedbush increased their price objective on shares of Beazer Homes USA from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer initiated coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 price objective for the company. B. Riley cut their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a report on Friday. Finally, StockNews.com upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and a consensus target price of $37.75.

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.