Beazer Homes USA, Inc. (NYSE:BZH) issued its earnings results on Monday. The construction company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.46, RTT News reports. The company had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS.
Shares of Beazer Homes USA (NYSE BZH) traded up $0.70 during midday trading on Wednesday, reaching $21.56. 881,200 shares of the company traded hands, compared to its average volume of 534,545. Beazer Homes USA has a twelve month low of $10.15 and a twelve month high of $21.71. The company has a market cap of $746.19, a PE ratio of 34.77 and a beta of 2.73. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 15.72.
BZH has been the subject of several research reports. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, August 3rd. Wedbush cut shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Tuesday, August 8th. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and raised their price target for the company from $14.50 to $21.00 in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.50.
About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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