Beazer Homes USA, Inc. (NYSE:BZH) – Wedbush raised their Q3 2021 earnings per share estimates for shares of Beazer Homes USA in a note issued to investors on Friday, January 29th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $0.56 per share for the quarter, up from their previous estimate of $0.45. Wedbush also issued estimates for Beazer Homes USA’s Q4 2021 earnings at $0.73 EPS, FY2021 earnings at $2.20 EPS, Q2 2022 earnings at $0.53 EPS, Q3 2022 earnings at $0.61 EPS, Q4 2022 earnings at $0.97 EPS and FY2022 earnings at $2.62 EPS.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday. Sidoti initiated coverage on Beazer Homes USA in a research report on Friday, December 11th. They set a “buy” rating and a $22.00 target price for the company.
Shares of NYSE BZH opened at $17.06 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 13.03 and a quick ratio of 2.81. The stock’s fifty day moving average price is $16.24 and its two-hundred day moving average price is $13.79. Beazer Homes USA has a one year low of $4.39 and a one year high of $20.50. The firm has a market cap of $533.19 million, a price-to-earnings ratio of 9.80 and a beta of 2.27.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Wednesday, January 27th. The construction company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Beazer Homes USA had a return on equity of 10.34% and a net margin of 2.46%. The firm had revenue of $428.30 million for the quarter, compared to analyst estimates of $421.30 million. The firm’s quarterly revenue was up 2.5% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of BZH. Virtu Financial LLC acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $151,000. Advisor Group Holdings Inc. lifted its stake in Beazer Homes USA by 1,002.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 15,364 shares of the construction company’s stock valued at $155,000 after purchasing an additional 13,971 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Beazer Homes USA in the third quarter valued at approximately $157,000. KBC Group NV bought a new stake in shares of Beazer Homes USA during the third quarter worth $164,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Beazer Homes USA during the fourth quarter worth $174,000. 72.81% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Robert L. Salomon sold 30,200 shares of the company’s stock in a transaction on Monday, November 23rd. The stock was sold at an average price of $14.50, for a total transaction of $437,900.00. Following the completion of the sale, the chief financial officer now directly owns 257,301 shares in the company, valued at approximately $3,730,864.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert L. Salomon sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $15.43, for a total value of $61,720.00. Following the completion of the sale, the chief financial officer now directly owns 200,601 shares in the company, valued at $3,095,273.43. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 17,076 shares of company stock valued at $249,997 and have sold 49,200 shares valued at $729,495. Corporate insiders own 7.24% of the company’s stock.
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 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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