Beazer Homes USA, Inc. (BZH) Expected to Announce Quarterly Sales of $357.45 Million

Brokerages expect that Beazer Homes USA, Inc. (NYSE:BZH) will announce sales of $357.45 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Beazer Homes USA’s earnings, with the highest sales estimate coming in at $359.70 million and the lowest estimate coming in at $355.20 million. Beazer Homes USA reported sales of $339.24 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The company is scheduled to issue its next earnings report on Thursday, February 8th.

On average, analysts expect that Beazer Homes USA will report full-year sales of $357.45 million for the current year, with estimates ranging from $2.02 billion to $2.09 billion. For the next year, analysts anticipate that the company will report sales of $2.23 billion per share, with estimates ranging from $2.17 billion to $2.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Beazer Homes USA.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. The company had revenue of $673.00 million for the quarter, compared to analysts’ expectations of $645.17 million. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS.

Several brokerages have recently issued reports on BZH. Zacks Investment Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Monday, November 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $21.00 price objective (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. TheStreet raised Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co raised Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.50 to $21.00 in a report on Thursday, September 14th. Finally, ValuEngine cut Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Beazer Homes USA currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of Beazer Homes USA (NYSE BZH) traded down $0.15 on Thursday, hitting $19.95. The stock had a trading volume of 492,100 shares, compared to its average volume of 544,191. The stock has a market cap of $673.60, a PE ratio of 15.95 and a beta of 2.69. Beazer Homes USA has a twelve month low of $11.18 and a twelve month high of $23.24. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZH. JPMorgan Chase & Co. increased its position in shares of Beazer Homes USA by 141.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock valued at $45,587,000 after purchasing an additional 1,451,175 shares during the last quarter. Chicago Equity Partners LLC increased its position in shares of Beazer Homes USA by 213.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock valued at $7,380,000 after purchasing an additional 268,172 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Beazer Homes USA by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock valued at $19,339,000 after purchasing an additional 258,694 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Beazer Homes USA by 55.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock valued at $12,200,000 after purchasing an additional 232,516 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Beazer Homes USA by 511.1% during the 3rd quarter. Prudential Financial Inc. now owns 263,863 shares of the construction company’s stock valued at $4,945,000 after purchasing an additional 220,683 shares during the last quarter. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

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

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