Beazer Homes USA (NYSE:BZH) Announces Earnings Results, Beats Expectations By $0.34 EPS

Beazer Homes USA (NYSE:BZH - Get Free Report) posted its quarterly earnings results on Wednesday. The construction company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.34, Briefing.com reports. Beazer Homes USA had a net margin of 6.02% and a return on equity of 12.15%. The business had revenue of $806.20 million for the quarter, compared to analysts' expectations of $775.42 million. During the same period in the prior year, the company posted $1.80 EPS. The business's revenue for the quarter was up 24.9% on a year-over-year basis.

Beazer Homes USA Trading Down 3.8 %

NYSE:BZH traded down $1.33 on Friday, reaching $33.30. The stock had a trading volume of 462,649 shares, compared to its average volume of 362,598. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 1.35 and a beta of 2.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The firm's fifty day moving average is $32.53 and its two-hundred day moving average is $30.31. Beazer Homes USA has a 12-month low of $25.48 and a 12-month high of $38.22.

Analysts Set New Price Targets

BZH has been the topic of several recent research reports. Wedbush upgraded shares of Beazer Homes USA from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Zelman & Associates reiterated an "underperform" rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. StockNews.com lowered shares of Beazer Homes USA from a "hold" rating to a "sell" rating in a research report on Monday, August 5th. Finally, B. Riley decreased their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Beazer Homes USA has an average rating of "Hold" and an average target price of $39.67.

Insider Buying and Selling at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company's stock, valued at $4,199,988.24. This represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.99% of the stock is owned by insiders.

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 also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.