Beazer Homes USA, Inc. (BZH) Expected to Post Quarterly Sales of $472.05 Million

Wall Street brokerages expect Beazer Homes USA, Inc. (NYSE:BZH) to announce sales of $472.05 million for the current quarter, according to Zacks. Three analysts have provided estimates for Beazer Homes USA’s earnings, with the highest sales estimate coming in at $477.31 million and the lowest estimate coming in at $462.60 million. Beazer Homes USA reported sales of $511.52 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The business is scheduled to report its next earnings results on Thursday, July 25th.

On average, analysts expect that Beazer Homes USA will report full year sales of $2.01 billion for the current fiscal year, with estimates ranging from $1.99 billion to $2.05 billion. For the next financial year, analysts expect that the firm will report sales of $2.13 billion, with estimates ranging from $2.08 billion to $2.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Beazer Homes USA.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.15. Beazer Homes USA had a negative net margin of 0.93% and a positive return on equity of 10.34%. The company had revenue of $421.30 million during the quarter, compared to the consensus estimate of $402.98 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Beazer Homes USA’s revenue for the quarter was down 7.4% on a year-over-year basis.

Several equities analysts have issued reports on the stock. Wedbush restated an “outperform” rating and issued a $17.00 price objective on shares of Beazer Homes USA in a research note on Friday, May 3rd. TheStreet raised shares of Beazer Homes USA from a “d+” rating to a “c-” rating in a report on Monday, April 22nd. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a report on Tuesday, May 7th. Finally, ValuEngine cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Beazer Homes USA has an average rating of “Hold” and an average target price of $14.25.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Donald Smith & CO. Inc. grew its position in shares of Beazer Homes USA by 12.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,374,475 shares of the construction company’s stock valued at $31,990,000 after purchasing an additional 373,441 shares during the last quarter. Towle & Co. boosted its position in Beazer Homes USA by 30.3% during the fourth quarter. Towle & Co. now owns 2,426,370 shares of the construction company’s stock worth $23,002,000 after acquiring an additional 564,520 shares during the last quarter. Vanguard Group Inc boosted its position in Beazer Homes USA by 2.6% during the third quarter. Vanguard Group Inc now owns 1,486,066 shares of the construction company’s stock worth $15,605,000 after acquiring an additional 37,861 shares during the last quarter. Vanguard Group Inc. boosted its position in Beazer Homes USA by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,486,066 shares of the construction company’s stock worth $15,605,000 after acquiring an additional 37,861 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Beazer Homes USA by 4.0% during the first quarter. Royce & Associates LP now owns 1,186,291 shares of the construction company’s stock worth $13,654,000 after acquiring an additional 46,000 shares during the last quarter. Institutional investors own 85.68% of the company’s stock.

NYSE BZH traded down $0.18 during trading hours on Tuesday, hitting $10.32. The company had a trading volume of 487,537 shares, compared to its average volume of 449,082. The company has a debt-to-equity ratio of 2.46, a current ratio of 13.97 and a quick ratio of 0.93. Beazer Homes USA has a 1-year low of $8.16 and a 1-year high of $16.08. The company has a market capitalization of $336.46 million, a PE ratio of 5.19 and a beta of 2.53.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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Earnings History and Estimates for Beazer Homes USA (NYSE:BZH)

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