Beazer Homes USA (NYSE:BZH) Announces Quarterly Earnings Results

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings results on Friday. The construction company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.18, FiscalAI reports. The company had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share.

Beazer Homes USA Stock Down 0.9%

NYSE BZH traded down $0.29 during trading hours on Friday, hitting $33.17. 6,487,821 shares of the company were exchanged, compared to its average volume of 331,648. The company has a 50 day moving average of $29.72 and a two-hundred day moving average of $25.22. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05. Beazer Homes USA has a 52-week low of $17.83 and a 52-week high of $34.54. The firm has a market cap of $906.43 million, a price-to-earnings ratio of 83.65 and a beta of 2.17.

Wall Street Analysts Forecast Growth

BZH has been the subject of several recent research reports. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Wall Street Zen lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Beazer Homes USA currently has a consensus rating of “Reduce”.

Key Beazer Homes USA News

Here are the key news stories impacting Beazer Homes USA this week:

• Positive Sentiment: Takeover provides valuation support: Dream Finders Homes agreed to acquire Beazer in an all-cash transaction offering shareholders $33.50 per share. The deal values Beazer at approximately $2.2 billion including debt, or about $915 million on an equity-value basis. Reuters acquisition article
• Positive Sentiment: Quarterly results exceeded expectations: Beazer reported a fiscal third-quarter loss of $0.09 per share according to Zacks, beating the $0.34-per-share loss analysts expected. Revenue of approximately $516.3 million also topped estimates of $510.6 million. Zacks earnings article
• Neutral Sentiment: Deal completion remains the key focus: The proposed merger is subject to customary closing conditions and approvals. Because the offer is all cash and close to the current market value, trading is likely to be driven primarily by merger-certainty, closing-risk and the possibility of revised terms.
• Negative Sentiment: Underlying results remain soft: Quarterly revenue declined 5.3% from the prior year, while Beazer swung to a loss from year-ago earnings of $0.26 per share. The company also reported a negative net margin, highlighting continued operating pressure. Beazer Homes quarterly results
• Negative Sentiment: Shareholder investigations add uncertainty: Multiple law firms are investigating whether Beazer’s board fulfilled its fiduciary duties and obtained a fair price in the Dream Finders transaction. Such reviews could create legal costs, delay the merger or pressure the companies to improve deal terms. Halper Sadeh investigation

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Beazer Homes USA during the fourth quarter worth approximately $1,157,000. Polymer Capital Management US LLC acquired a new stake in Beazer Homes USA in the fourth quarter valued at approximately $337,000. Quadrature Capital Ltd purchased a new position in Beazer Homes USA in the fourth quarter worth approximately $264,000. Readystate Asset Management LP lifted its stake in Beazer Homes USA by 154.3% in the fourth quarter. Readystate Asset Management LP now owns 157,870 shares of the construction company’s stock worth $3,200,000 after acquiring an additional 95,782 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Beazer Homes USA by 88.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 193,436 shares of the construction company’s stock worth $3,921,000 after acquiring an additional 90,587 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.