Analysts Anticipate Beazer Homes USA, Inc. (NYSE:BZH) Will Post Quarterly Sales of $472.05 Million

Equities research analysts expect Beazer Homes USA, Inc. (NYSE:BZH) to post $472.05 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued 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 indicates a negative year over year growth rate of 7.7%. The company 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 year, with estimates ranging from $1.99 billion to $2.05 billion. For the next financial year, analysts forecast that the business will report sales of $2.13 billion, with estimates ranging from $2.08 billion to $2.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Beazer Homes USA.

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

A number of equities analysts have commented on BZH shares. ValuEngine cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Zacks Investment Research raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. TheStreet raised Beazer Homes USA from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Beazer Homes USA in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus price target of $14.25.

In related news, insider Allan P. Merrill purchased 5,192 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $9.63 per share, with a total value of $49,998.96. Following the purchase, the insider now directly owns 537,127 shares of the company’s stock, valued at $5,172,533.01. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.30% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Synovus Financial Corp increased its stake in Beazer Homes USA by 2.4% in the 4th quarter. Synovus Financial Corp now owns 79,233 shares of the construction company’s stock worth $756,000 after purchasing an additional 1,852 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Beazer Homes USA by 2.1% during the first quarter. IndexIQ Advisors LLC now owns 134,527 shares of the construction company’s stock valued at $1,548,000 after buying an additional 2,758 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Beazer Homes USA by 152.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,284 shares of the construction company’s stock valued at $72,000 after buying an additional 3,796 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Beazer Homes USA during the first quarter valued at approximately $55,000. Finally, Factorial Partners LLC increased its stake in shares of Beazer Homes USA by 29.4% during the first quarter. Factorial Partners LLC now owns 22,000 shares of the construction company’s stock valued at $253,000 after buying an additional 5,000 shares during the period. 81.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BZH opened at $9.71 on Friday. The stock has a market cap of $314.47 million, a P/E ratio of 4.88 and a beta of 2.67. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.93 and a current ratio of 13.97. Beazer Homes USA has a 1-year low of $8.16 and a 1-year high of $16.08.

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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