Beazer Homes USA, Inc. (NYSE:BZH) – Wedbush raised their Q1 2019 earnings estimates for Beazer Homes USA in a research note issued on Wednesday, November 14th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.09. Wedbush has a “Buy” rating and a $17.00 price target on the stock. Wedbush also issued estimates for Beazer Homes USA’s Q2 2019 earnings at $0.24 EPS and FY2020 earnings at $2.51 EPS.
Several other research analysts have also commented on BZH. ValuEngine lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, September 5th. JPMorgan Chase & Co. lowered shares of Beazer Homes USA from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $13.00 in a research note on Friday, September 21st. Finally, Credit Suisse Group dropped their price target on shares of Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.50.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Tuesday, November 13th. The construction company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.21. Beazer Homes USA had a negative net margin of 2.15% and a positive return on equity of 12.11%. The company had revenue of $761.50 million for the quarter, compared to analyst estimates of $694.80 million. During the same quarter in the prior year, the business posted $0.94 EPS. Beazer Homes USA’s quarterly revenue was up 14.4% on a year-over-year basis.
Beazer Homes USA declared that its board has initiated a share repurchase plan on Tuesday, November 13th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 17.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in BZH. Teachers Advisors LLC grew its stake in Beazer Homes USA by 59.4% in the 3rd quarter. Teachers Advisors LLC now owns 93,485 shares of the construction company’s stock valued at $982,000 after buying an additional 34,838 shares during the last quarter. IndexIQ Advisors LLC grew its stake in Beazer Homes USA by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 142,523 shares of the construction company’s stock valued at $1,496,000 after buying an additional 5,381 shares during the last quarter. Mutual Advisors LLC acquired a new position in Beazer Homes USA in the 3rd quarter valued at $844,000. MetLife Investment Advisors LLC grew its stake in Beazer Homes USA by 61.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 22,160 shares of the construction company’s stock valued at $233,000 after buying an additional 8,460 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new position in Beazer Homes USA in the 3rd quarter valued at $1,661,000. Institutional investors own 88.17% of the company’s stock.
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 brand name. 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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